Pig butchering scam
Quick answer
A long-running scam where the fraudster builds friendship or romance over weeks before introducing a fake investment.
- Stop contact, stop depositing, and report it.
What it is
A long-running scam where the fraudster builds friendship or romance over weeks before introducing a fake investment.
How it works
After gaining trust, the scammer shares a 'profitable' platform, helps with small successful withdrawals, then encourages large deposits that cannot be recovered.
Red flags to watch for
- A new online friend or partner who introduces investing
- Pressure to deposit increasing amounts
- Small early withdrawals to build trust
- Withdrawal problems later
Example
Someone you met online gains your trust over weeks, then introduces a crypto platform with great returns. This is risky because the relationship exists only to set up the investment scam.
What not to do
- Do not invest based on an online relationship
- Do not deposit more to recover funds
The safe next step
Stop contact, stop depositing, and report it.
Often seen on: Dating apps, WhatsApp, Telegram, Social media.
Commonly targets: People seeking connection, New investors.
How to verify safely
- Do not use links, phone numbers, QR codes, or email addresses from the suspicious message.
- Open the official app or website yourself - type the address manually.
- Call a contact you have saved, or the number printed on your bank card.
- If you are threatened or in immediate danger, contact local emergency services or police.
How to report it
Report to your financial regulator and national fraud authority.
Find official links for your country in the scam reporting directory.
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Frequently asked questions
What is a pig butchering scam?
A long-running scam where the fraudster builds friendship or romance over weeks before introducing a fake investment.
How can I avoid a pig butchering scam?
Stop contact, stop depositing, and report it.
What should I do if I have already been affected?
Contact your bank or the relevant provider through official channels, change any exposed passwords from a trusted device, and save evidence. See our recovery guides, and be wary of recovery scams that promise to get your money back for a fee.