- Meta removed 2M accounts tied to “pig butchering” and other global scams.
- These scams involve building trust to defraud victims via crypto or fake investments.
- Meta uses tech, partnerships, and policies to combat organized scam syndicates.
Meta has intensified its crackdown on scams, removing over two million accounts linked to fraudulent activities across Southeast Asia and the UAE in 2024. These operations often involve “pig butchering” scams, where victims are manipulated into fake investment schemes, especially in cryptocurrency, after building trust online.
Organized crime syndicates running these scams exploit job seekers and operate under forced labor conditions, generating $64 billion annually in global fraud. Meta’s multi-pronged strategy includes enhanced detection systems, collaboration with law enforcement, and features like message warnings on its platforms.
Meta also hosted a global summit to address these scams, uniting tech firms, law enforcement, and NGOs in the fight against online criminal networks.
