Industry WIKI

The Bitfinex cryptocurrency exchange was hacked in August 2016. 119,756 bitcoins, worth about US$72 million at the time, were stolen.

A pig-butchering scam or romance baiting scam is a form of online relationship and investment fraud in which perpetrators cultivate fake romantic or social relationships with victims before persuading them to invest money, often in fraudulent cryptocurrency schemes. Such scams are common on social media and dating apps, and often involve catfishing, investment fraud, and romance scams.