The US SEC has charged three individuals and five companies with a "pig-killing" scam involving a fake crypto platform

Odaily News The U.S. SEC has charged three individuals and five companies with "pig-killing" scams. This is a trust-based investment scam where fraudsters befriend victims through text-based social media apps, gain their trust and convince them to invest large amounts of money in fictitious crypto platforms, then steal their funds and disappear. This enforcement action is the first time the SEC has taken action against this type of cryptocurrency scam.