• cannabiccino

What we want, aside from justice: 7 aims

1. Our stories be heard

  • Society dismisses Pig-Butchering scam victims as simpletons or being "too greedy". That can be quite off in many cases and doesn't give credit to the scammers. For most, the best way really to not fall for the scam is to know about their tricks.


2. Banks, crypto exchanges, and social media tech share proportionate liability with scam victims and provide fraud insurance from a shared pool

  • Scammers keep evolving in their sophistication, and there will always be segments of their target population who will fall victim to their newest tricks. It is unfair for any one victim to bear the entire brunt of such devastating scams like pig-butchering scam, given the key corporate players involved.

  • Follow and expand on the model of Contingent Reimbursement Model Code in the UK to help victims recover in "no blame" situations, once proven to have occurred. Assets recovered later by law enforcement can hence be shared as well.


3. Crypto exchanges, banks and dating platforms be proactive in warning their users about these scams (e.g. "pig butchering scam")

  • Putting up an alert to all users and as part of new user or investor education will not detract from the customer's experience long term

  • Financial institutions need to be transparent in why they freeze accounts. Banks in mainland China, as part of anti-fraud measures, now immediately warn recent and incoming depositors of a suspected account that they may have been victims of a scam.


4. Social media and dating apps to improve scam reporting and fraud detection

  • Reporting forms can be more accommodating in taking in details and evidence of scammer accounts and groups (e.g. police report). In most platforms, victims are just given an inadequate multiple choice form with no option to explain

  • Increase in anti-fraud staff and KYC for dating apps.


5. Law enforcement should catch up to the cybercrimes of the 2020s

  • Better coordination across the agencies and jurisdictions

  • More resources for law enforcement to deal with "small" cryptocurrency crimes

  • Better cryptocurrency/cybercrime intake form (e.g. ic3.gov), and integration of highly siloed databases

  • Increase attention, training, and resources to police for tackling cybercrimes involving cryptocurrency

  • Basic cryptocurrency tracing of wallets/TXIDs, if involved in a crime, should be provided by police


6. Bring attention to human trafficking in Southeast Asia that is fueling the scam cottage industry there

  • Many crime dens in these countries are tolerated and even sanctioned by local governments as they generally do not victimize citizens of the host country.

  • Mostly Chinese nationals looking for 'overseas' jobs are tricked into coming and become forced to staff the labor-intensive, personally abhorrent scams under slave-like conditions.


7. Mainland Chinese, HK, and Southeast Asian governments be more accommodating to victims worldwide scammed by cybercriminals within their jurisdictions

  • The physical presence of a complainant is often required to make a statement, which precludes most scam victims who cannot travel anymore, despite the many ways for remote authentication

403 views