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Pig Butchering Scam Explained

Most scams take-on a unique life of their own. And often times these scams will also take on a crazy name. The scam outlined in this video, has to have one of the most unique names yet! This scam is referred to as Pig Butchering! Even with the unique name, this scam should not be taken lightly. This scam started in late 2019. Since its origins, Southeast Asia has become a hotspot for the scam. Gangs in Southeast Asia run the scam in a business like structure. Much of the time gangs will use human trafficking victims to run the scams. Unfortunately pig butchering has become one of the fastest growing scams in the world. In 2021, the total combined losses to pig butchering were believed to be in the tens of billions of dollars. Even with these large losses, people still fall for this scam on a regular basis. Like most scams that we outline here at Stamp Out Scams. The pig butchering scam is very straightforward. Pig butchering Has the most common ingredients of a successful scam. Which is money, love and romance, Internet communications and cryptocurrency.

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