?url_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Adc&rft.title=A+Sinister+Fattening%3A+Dissecting+the+Tales+of+Pig+Butchering+and+other+Cryptocurrency+Scams&rft.creator=Ordekian%2C+Marilyne&rft.creator=Papasavva%2C+Antonis&rft.creator=Mariconti%2C+Enrico&rft.creator=Vasek%2C+Marie&rft.description=Cryptocurrency+scams+have+risen+in+popularity+with%0D%0Athe+mainstreaming+of+cryptocurrencies.+People+can+fall+victim%0D%0Ato+them+because+of+their+lack+of+knowledge%2C+particularly+when%0D%0Athey+gain+a+sense+of+trust+in+the+ecosystem+via+a+scammer.%0D%0AIn+this+paper%2C+we+analyze+143+cryptocurrency+scams+across+11%0D%0Adifferent+types+mined+from+133+scam+narratives+collated+by%0D%0Athe+government+of+California.+Most+of+these+are+pig-butchering%0D%0Ascams+(101)+where+attackers+interact+with+their+victims%2C+gain%0D%0Atheir+trust%2C+and+introduce+them+to+a+(scam)+cryptocurrency%0D%0Ainvestment+opportunity.+These+scams+vary+in+lure+which+indicates%0D%0Athe+wide+variety+of+scams+in+our+sample.+Scammers+often+portray%0D%0Athemselves+as+the+gender+opposite+their+target%3B+our+results+show%0D%0Agreater+financial+gains+using+this+approach.+Furthermore%2C+most%0D%0Ascams+end+up+communicating+via+messaging+apps%2C+regardless%0D%0Aof+how+the+scammer+initially+reached+out+to+the+victim.+These%0D%0Across+platform+movements+indicate+a+leap+of+faith+and+trust+in%0D%0Athe+scammer+needed+to+scam+the+victim.+While+many+of+these%0D%0Ascams+involved+a+fake+cryptocurrency+trading+platform+(124)%2C+we%0D%0Afind+33+scams+involving+well+known+cryptocurrency+exchanges%2C%0D%0Ahighlighting+the+need+for+legitimate+cryptocurrency+platforms+to%0D%0Aprotect+their+(overwhelmingly+new)+users+from+these+scams&rft.subject=cryptocurrency+fraud%2C+cybercrime+measurement&rft.date=2024-09-23&rft.type=Proceedings+paper&rft.language=eng&rft.source=+++++In%3A++Proceedings+of+the+2024+Symposium+on+Electronic+Crime+Research+(eCrime+2024).++++%3A+Boston%2C+Massachusetts%2C+USA.+(2024)++++(In+press).++&rft.identifier=https%3A%2F%2Fdiscovery.ucl.ac.uk%2Fid%2Feprint%2F10197431%2F