Criminals are using text messaging, dating apps, social media, and email to perpetrate a form of financial fraud, most known as 'pig-butchering,' where victims are lured into fraudulent investment schemes. Meta has confirmed it has removed around 2 million scam accounts across its platforms since the beginning of 2024. “This year alone, we’ve taken down over two million accounts linked to scam centers in Myanmar, Laos, Cambodia, the United Arab Emirates, and the Philippines,” says Meta.
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