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What is a pig butchering scam?

Don’t trust that unexpected text or direct message from a stranger—it might be the first step in a “pig butchering” scam. These scams often involve fraudsters contacting targets seemingly at random, then gaining trust before ultimately manipulating their targets into phony investments and disappearing with the funds.

Did a pig butchering scam combine romance fraud and cryptocurrency investment?

In one harrowing case, a female Indian information technology (IT) professional working in Philadelphia fell victim to a sophisticated pig butchering scam that combined romance fraud with cryptocurrency investment.

What is a pig fattening scam?

So named in reference to the practice of fattening a pig before slaughter, these scams often involve fraudsters contacting targets seemingly at random, then gaining trust before ultimately manipulating their targets into phony investments and disappearing with the funds.

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