A recent series of U.S. Department of Justice actions highlights the agency’s focus on combatting so-called “pig-butchering” — a type of online financial scam where fraudsters build a long-term relationship with a victim to gain trust and then convince the victim to invest in fake cryptocurrency or trading schemes. In the following guest post, Sarah Abrams, Head of Claims Baleen Specialty, a division of Bowhead Specialty, takes a look at how developments in the crypto world coinciding with the DOJ’s crackdown may be creating increased D&O risk arising from pig-butchering schemes. I would like to thank Sarah for allowing me to publish her article on this site. Here is Sarah’s article.Continue Reading Guest Post: Another Emerging Cryptocurrency Risk for D&O Underwriters?
