pig butchering
English
Noun
pig butchering (uncountable)
- A scam technique in which victims are tricked into investing large amounts of money into a fictitious brokerage (usually a cryptocurrency wallet), which actually sends their funds directly to the scammers.
- 2022, China Internet Development Report 2020, page 157:
- Intense efforts were also made to crack down on four types of high-incidence network fraud cases, namely, network loans, network click farming, pig-butchering scams and pretending as customer service personnel.
- 2022 August 25, Cheyenne DeVon, “Got a text from a wrong number? It could be an attempt at 'pig butchering,' a crypto scam costing investors millions”, in CNBC:
- 'Pig butchering' scammers usually send a message via Whatsapp, text or another app like Tinder, as if it was intended for someone else, often with an attractive person’s profile photo.
Derived terms
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