{"id":89064,"date":"2024-08-19T00:07:22","date_gmt":"2024-08-19T04:07:22","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=89064"},"modified":"2024-08-18T23:24:25","modified_gmt":"2024-08-19T03:24:25","slug":"how-scammers-convince-americans-to-drain-their-savings-into-crypto-fraud-schemes","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2024\/how-scammers-convince-americans-to-drain-their-savings-into-crypto-fraud-schemes.html","title":{"rendered":"How scammers convince Americans to drain their savings into crypto fraud schemes"},"content":{"rendered":"\n<p>(CNBC) More and more Americans are losing thousands of dollars to a scheme that takes fraudsters weeks or months to pull off. \u201cPig butchering\u201d scams earned the name from the idea that\u00a0<a href=\"https:\/\/www.cnbc.com\/2023\/05\/02\/pig-butchering-scammers-make-billions-convincing-victims-of-love.html\">scammers use flattery and fake bonding to \u201cfatten up\u201d their victims<\/a>. The strategy has amassed billions in stolen funds\u2014particularly in the form of cryptocurrencies.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2024\/08\/18\/how-americans-are-losing-their-life-savings-to-crypto-fraud.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) More and more Americans are losing thousands of dollars to a scheme that takes fraudsters weeks or months to pull off. \u201cPig butchering\u201d scams earned the name from the idea that\u00a0scammers use flattery and fake bonding to \u201cfatten up\u201d [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-89064","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/89064","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=89064"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/89064\/revisions"}],"predecessor-version":[{"id":89065,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/89064\/revisions\/89065"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=89064"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=89064"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=89064"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}