Pig butchering

Pig butchering is a long-con investment scam in which the fraudster builds a relationship with the victim, then steers them to a fake trading or investment platform that shows invented profits.

How it works

Contact starts through a dating app, wrong-number message or social network. Weeks later the victim is introduced to a platform, makes small deposits and sees growing balances.

Withdrawals are blocked by invented taxes or fees until the victim stops paying; the platform domains are rotated often.

Example from the PhishDestroy database

How to protect yourself

  • Be suspicious of online contacts who bring up investing; check the platform's licence with the regulator.
  • Never pay a fee to withdraw your own money.

Related tools

Related terms

Further reading

Glossary