After all, what is Pig Butchering Scam which has got more than 20 lakh social media accounts locked? Know full details

Tech News Desk –Smartphones and internet have provided many facilities to our lives. However, it is not that they provide us only convenience. Internet has also given rise to many problems. The biggest threat from the Internet is related to online scams and fraud. In recent times, cases of cyber fraud have increased significantly. Recently, Meta has banned more than 20 lakh social media accounts due to online scams. These accounts were banned due to a scam called 'Pig Butchering'.

'Pig butchering' increased the problem
The 'Pig Butchering' scam has become a common scam these days. To stop this scam that is cheating people, Mark Zuckerberg decided to ban more than 20 lakh social media accounts. In this scam, scammers and cyber criminals pretend to be friends and then lure them to invest money in a false scheme. In the 'Pig Butchering' scam, scammers often ask people to invest money in a scheme that is related to cryptocurrency. Are there. Scammers first make friends online and then gain trust through mutual conversation. Scammers gradually start extorting money from people. They lure them with huge profits on fake schemes and then ask them to invest the money. As soon as people invest money, criminals cheat them of all the money and disappear.

People are cheated by luring people
Let us tell you that in the 'Pig Butchering' scam, scammers mostly contact people through social media, dating apps or text messages and make them victims of fraud. Such scams are mostly run by big gangs. These scams are currently going on in many Asian countries like Cambodia, Laos, Myanmar. Scammers also trap people by promising them jobs abroad.

According to a report of 2023, about 3 lakh people have been trapped in the 'Pig Butchering' scam, while the gang related to the scam steals about 43 billion dollars every year. Meta has been investigating such online scams for the last two years. Meta has banned lakhs of accounts related to this scam. If you want to avoid scams and frauds, you should avoid getting tempted by messages or offers from strangers on social media.