Meta Cracks Down on 2M Accounts in Global Scam Bust! 🌐

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Summary:

  1. Massive Account Removal
    Meta removed 2 million accounts linked to pig butchering scams, targeting victims worldwide via dating, messaging, and crypto apps.

  2. How the Scam Works
    Scammers trick victims into fake crypto investments, allowing small withdrawals to build trust before disappearing with the money.

  3. Forced Labor Behind Scams
    Many scammers are trafficked workers, coerced into scam operations by criminal gangs in Southeast Asia under threat of harm.

  4. Global Financial Losses
    These scams caused an estimated $64 billion in losses globally in 2023, with millions of victims impacted.

  5. Collaborative Action
    Meta worked with NGOs, law enforcement, and tech companies like Coinbase and OpenAI to investigate and disrupt the networks.

Read more at: CNET