Find out how to recover scammed bitcoin crypto by reporting pig butchering crypto scam. Pig butchering is a form of cryptocurrency scam that has been on the rise in recent times. Pig butchering is an unconventional scam that combines romance scams and investment/riches scam. In simpler terms, most of these scam victims are usually targeted on social media, dating sites or dating apps. Both sides of scam appeal to our innate human desires - romance and riches.
The investment side of it usually involves the scam enticing the victims with promises of are groomed to invest large sums of money, often on fake crypto apps. Behind the scenes of these scams are scam centers run by cryptocurrency scammers, who coerce human trafficking victims into executing the online scam en masse, sometimes defrauding the unsuspecting victims of their life savings.
How to Identify Pig Butchering Crypto Scam
You are about to find out all you need to know about pig butchering crypto scam. In most cases, this scam begins with the scammer initiating contact with the victim by texting the victim. This is mostly via SMS, or WhatsApp, pretending to be a wrong number or an acquaintance from the past, immediately striking up a friendly conversation with a victim.
The frequency of communication increases very rapidly, usually several times daily. Within a short time, the conversation gets steered towards investment talk. A lot of people are now conscious and avoid requests for money. So scammers are becoming more crafty and persuasive rather than direct requests. They would now discuss investments, profits and even offer investment advice.
5 Signs of Pig Butchering Crypto Scam
Pig butchering scams are very clever and combine several methods found in different types of scams. Rather than follow the exact script, the scammer tailors the scam based on the victim’s response and level of engagement. Here are 5 signs of a pig butchering scam;
You Received a Random Message from Someone You Don’t Know: engaging you in frequent conversation. Encouraging engagement in any type of conversation is a small win for scammers. This is a known scam technique. People like to be consistent and once you reply once, it will be harder to stop. Communication will be very frequent and may focus first on mundane things, like what you are doing, eating, or similar innocent activities. Frequent communication has been found to elevate emotional involvement.
The Person You are Communicating With Refuses to Allow You Meet Them: Scammers will avoid phone and video conversations. They will say their English is not good enough and may invent stories that give a good reason for not wanting to video call, e.g., their loved one died while driving and video calling someone. Or they may just ignore the request by distracting you and asking about other things.
Conversation is Quickly Steered Towards Investment Promising High Returns: While talking about daily routines, the conversation quickly turns to high earnings the person is making by investing. The scammer may also boast about houses in several locations or mention other status symbols. They will ask you if you want to try investing too, even offering free simulations so you can see how it works (which can be manipulated to look like big wins).
Conversation is Flirtatious and the Person is Trying to Flatter You: The person communicating is flirtatious with you, praising or complimenting you. They may talk about the desire to build a future with you. But these types of messages are more frequent when you are engaging in conversations about investments or promising to invest. At other times, when you try to talk about other things, conversations are short, and the person will tell you that they are busy.
Scammer Focused Your Attention on the Goal: This involves the scammer feeding their victims with promises of romance and riches before cutting off other topics. They also talk about what could be done with the investment returns and how they can improve their life. Thus encouraging the victim to invest in crypto trading platforms. These are all signs of the scam known as pig butchering.
How to Recover Your Crypto from Pig Butchering Crypto Scam
When engaging with crypto, especially for people new to the industry, it is important to remember that high opportunity always comes with an equal amount of risk. Do not ever expect risk-free high returns, because it simply doesn’t exist anywhere. If you have fallen for this type of scam, don’t feel ashamed.
These people are really expert manipulators. If you have not heard of this type of scam, it is easy to fall prey too. If you have been impacted by this type of scam, Report Scammed Bitcoin offers resources and solutions in recovering funds lost to Pig Butchering scam. You can also file a complaint with the Report Scammed Bitcoin.
The information provided in this release is not investment advice, financial advice or trading advice. It is recommended that you practice due diligence (including consultation with a professional financial advisor before investing or trading securities and cryptocurrency.
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