Scroll Top

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.

You may also like

Page 2 of 2

Leave a comment

wpChatIcon
Privacy Preferences
When you visit our website, it may store information through your browser from specific services, usually in form of cookies. Here you can change your privacy preferences. Please note that blocking some types of cookies may impact your experience on our website and the services we offer.