Chainalysis’ 2024 report highlights that pig butchering scams have seen a year-over-year revenue increase of nearly 40%. Alongside high-yield investment scams (HYIS - also known as “you are the yield”), which account for 50.2% of total scam revenue, pig butchering now dominates the crypto fraud landscape.

The Chainalysis report paints a concerning picture of the evolving landscape of shitcoin fraud. The rapid rise in pig butchering scams, coupled with the increasing use of AI and illicit financial networks are troubling developments. Just remember that shitcoin ”investing” = financial devastation. Just say no to shitcoins and say hello to Bitcoin in self-custody. Stay humble, stack sats!