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A victim of pig butchering crypto scam lost over $1 million and was able to recover it by filing a report with reportscammedbitcoin.com. This gives hope of funds recovery to all victims of pig butchering scam as well as other types of scam relating to cryptocurrency that it is possible to recover all your stolen funds.
We have all heard horror stories of rug pulls, pump and dump crypto scam, the crypto investment scam that usually leaves the victim’s bank account high and dry. But there is a new type of fraud that is becoming popular nowadays which is called “pig butchering.” This is something you are definitely going to have to avoid at all costs.
What is a Pig Butchering Crypto Scam?
The is a new type of scam that craftily combines a romance scam and an investment scheme. Dating and romance scams have been around since the early days of the internet. Cryptocurrency on the other hand came to being in 2009, and just became very popular a couple of years ago. However, the emergence of cryptocurrencies was also accompanied by scams such as pig butchering.
Pig butchering blends romance, scam and investment schemes. It is a calculated game of manipulation that targets lonely people and sucks them dry. It began in Southeast Asia, and got its name from the way hogs are “fattened up” before being slaughtered and consumed. The victim (or the pig) is “slaughtered” when the fraudsters successfully convince them to invest in a fake platform, then disappear with their money.
Pig Butchering Crypto Scam is on the Rise
According to a FBI report, reports ..
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