TechRound·3 min read·medium
What Is A Pig Butchering Scam? Behind The $10 Billion Fraud That Has Nothing To Do With Livestock
G
Gina Marrs
✦AI Summary
Pig butchering scams are a sophisticated form of long-term financial fraud where criminals build trust with victims over months before stealing their money. Unlike traditional scams, these operations often use social media and dating apps to groom victims into investing in fake cryptocurrency platforms.
If it’s your first time hearing it, the phrase “pig butchering scam” probably doesn’t make you think of cryptocurrency, fake investment platforms or organised cybercrime. But, in a weird turn of events, it probably should.
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