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Fortune
Fortune
Leo Schwartz

Beware of pig butchering. Romance and investment crypto scams are on the rise, says Binance

hacker figure in hood sitting with an open laptop (Credit: Getty Images)

Proof of State is the Wednesday edition of Fortune Crypto where Leo Schwartz delivers insider insights on policy and regulation.

We've all gotten the text. An unknown number pops up in your messages, addressing you by the wrong name and asking how you've been. I received one a few months back from someone who called themselves "Jones," telling me we'd met at a Bitcoin conference. When I started pushing back, they began insulting me, calling me a "stupid donkey." I asked, "How long does pig butchering usually take?"

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