Meta said it removed more than 2 million accounts this year alone that sought to trick internet users into putting their money into fake investment schemes.

Meta has shut down over 2 million accounts this year linked to "pig butchering" scams, which trick users into investing in dubious cryptocurrency schemes. The accounts were sourced to "forced-labor" scam compounds,

The company gave details for the first time on its approach to combating organized criminal networks behind the devastating scams.

Meta said Thursday it removed more than 2 million accounts linked to “pig-butchering” investment schemes that leave victims out of large sums of money. These pig-butchering fraud

Meta revealed that this notorious scheme has already cost global users billions of dollars after falling victim to these threat actors, with the company focusing on "cross-border" security measures to get rid of them online.

The accounts were traced to scam centers, mostly in Southeast Asia, that use forced labor to steal millions of dollars from victims around the world.

Some major tech companies including Meta are taking steps to combat “pig butchering” scams, which trick Americans out of billions of dollars each year through fake online friendships and romances.

To thwart one of the fastest-growing and most sophisticated online scam industries, Meta Platforms Inc. today said it has removed about 2 million accounts related to investment scams known as “pig-butchering.