‘Bitcoin Can’t Magically Double:’ Advisor Sounds Alarm After Client Loses 1 BTC
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Terence Michael warns of increasing 'pig butchering' scams affecting Bitcoin holders, highlighting that even multi-signature wallets aren't foolproof against social engineering fraud. One client lost all his BTC in such a scam.
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Bitcoin adviser and author Terence Michael of The Bitcoin Adviser has issued a stark warning to the crypto community after revealing that one of his clients lost his entire BTC holdings to a “pig butchering” scam, as social engineering frauds continue to cause rampant damage.
Even a multi-signature wallet could not stop a determined victim from sending Bitcoin to a scammer posing as a trader.
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In This News
Coins
$ 64.10K
-0.22%$ 0.00181
+2.28%Predictions Markets
See what traders are focused on
Share:
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