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Indian software professional in US loses her Rs 4 crore savings to 'fake love'. What is 'pig butchering' scam?

By Economic Times - 9 months ago
The "pig butchering" scam ensnared Shreya Datta, a tech professional from Philadelphia, in a devastating cryptocurrency romance fraud, resulting in a loss of $450,000 (approximately Rs 4 crore) and substantial debt. This sophisticated scheme utilized deepfake videos and advanced scripting, leaving Datta feeling emotionally violated. Operating by gaining victims' trust through false affection, similar to fattening hogs before slaughter, the scam often lures individuals into investing in fake schemes.

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