The company gave details for the first time on its approach to combating organized criminal networks behind the devastating scams.
Years into the escalating, multibillion-dollar global crisis of pig butchering scams, social media giant Meta released information for the first time on Thursday about its approach to combating the forced-labor compounds that fuel scam activity on its platforms and across the web.
” Individually, victims have lost hundreds of thousands of dollars, while the pig butchering criminal enterprises have collectively conned people out of around $75 billion in recent years. “These scams can start on dating apps, text message, email, social media, or messaging apps, then ultimately move to scammer-controlled accounts on crypto apps or scam websites masquerading as investment platforms,” Meta writes in its report.
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