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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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