In 2024, pig butchering scams saw a significant revenue increase of nearly 40%. Deposits into these scams surged approximately 210%, indicating a potential rise in the number of victims.

Scammers have adapted their strategies, targeting the unemployed with fake job offerings. Although the average deposit amount decreased by 55%, the speed of scam execution has increased, yielding quicker returns.

Huione Guarantee has played a crucial role in facilitating scams, processing about $70 billion in transactions since 2021. In 2024, scammers utilizing this platform collectively generated at least $375.9 million.