Are You a victim of a pig butchering stock scam?

If you think you’ve been a victim of a pig butchering stock scam, submit a regulatory tip to FINRA. If you think you’ve been the victim of internet fraud, file a report with the FBI’s Internet Crime Complaint Center. Don’t trust that unexpected text or direct message from a stranger—it might be the first step in a “pig butchering” scam.

Where did pig butchering scams originate?

Pig butchering scams originated in 2020 as a regional scam in China and later spread throughout Southeast Asia at the height of the COVID-19 pandemic. In Sihanoukville, Cambodia —once a prosperous gambling town—many local gambling gangs transformed casinos into scam operation centers performing pig butchering scams.

How to counter pig butchering scams?

An important aspect of countering pig butchering scams involves tracing stolen cryptocurrencies. This process is intricate due to the decentralized and pseudo-anonymous nature of cryptocurrencies. Specialists in this field utilize various tools and techniques to track the flow of stolen digital assets through blockchain networks. [citation needed]