Pig Butchering Scam: What Every Investor Should Know
Wednesday, 18 September 2024, 11:23
What is a Pig Butchering Scam?
Pig butchering scams involve a manipulative technique where scammers build trust over time, usually through social media or dating apps, before leading victims to invest in fake cryptocurrency platforms. These scams primarily target individuals looking for investment opportunities, convincing them to transfer significant sums of money.
How to Identify a Pig Butchering Scam
- Unsolicited messages from unknown individuals claiming to offer investment insights.
- Aiming to build a personal connection before discussing financial topics.
- Promising unrealistic returns on investments.
Protecting Yourself from Scams
Investors should be vigilant and skeptical of unsolicited investment proposals. To protect your assets:
- Conduct thorough research on any platform before making investments.
- Be cautious of sharing personal information with new acquaintances.
- Report suspicious activity to authorities.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.