What Are The Reasons for Growing Pig Butchering Scams

[Nomad]

One of the major concerns for the crypto industry these days is the growing cases of pig butchering scams. Recently, a US senator said that there has been over $3.5 billion scams happening in the US alone in the past one year. The regulatory changes that are being implemented in many countries are mainly for stopping crypto scams. One of the major issues in crypto is related to scams.