Pig butchering scams are just as scary as they sound

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The ominous-sounding "pig butchering scam" has grown in popularity over the last several years. Scammers find a victim through dating apps, text, or other online methods, befriend them and encourage them to invest in cryptocurrency. Once the target has invested all they have, the scammer steals the money and disappears. On average, romance scams like this take an average of $4,400 dollars! Learn what signs to look for and how to stay safe from these schemes.
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#pigbutcheringscam #cryptoscam #romancescam #safewise
Time Stamps
00:00 - Intro
1:40 - Step 1: Find the pig
3:06 - Step 2: Fatten the pig
4:19 - Step 3: Butcher the pig
6:15 - Red flags to watch for
7:17 - Like and subscribe!
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Sources:
📝 Sophos News, Fool's Gold: dissecting fake gold market pig-butchering scam:
news.sophos.co...
📝 Federal Trade Commission, Romance scammers favorite lies exposed: www.ftc.gov/ne...
📝 Wired, Hacker's Lexicon: What is a Pig Butchering Scam: :
www.wired.com/...
📝 Axios, "Pig-butchering" romance scams are getting harder to fight:
www.axios.com/...
📝 KZbin BBC News, How 'pig-butcher' scammers romance and con victims out of millions:
• How ‘pig butcher’ scam...
📝 Sophos News, Fraudulent "CryptoRom" trading apps sneak into Apple and Google app stores:
news.sophos.co...
📝 Propublica, Human Trafficking's Newest Abuse: Forcing Victims into Cyberscamming:
www.propublica...
📝 United States Attorney's Office, Justice Depart. Seizes Over $112M in Funds Linked to Cryptocurrency Investment Schemes, With Over Half Seized in Los Angeles Case
www.justice.go...
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