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  • Avoid the traps of financial scammers

    CLAIRE McHENRY, Nebraska Department of Banking and Finance|Apr 16, 2025

    Nebraska is seeing an increase in a type of scam tied to cryptocurrencies and social media called “pig butchering.” This has nothing to do agriculture; it’s a scam initially developed by criminal organizations in China in which scammers develop a relationship with their victims over a long period of time to repeatedly steal money. This form of fraud is also known as a relationship scam, financial grooming, or confidence scam. How Pig Butchering Works Scammers often initiate contact by sending a “wrong number” text, email, or social media mes...