{"id":4468,"date":"2022-08-23T11:35:39","date_gmt":"2022-08-23T11:35:39","guid":{"rendered":"https:\/\/blog.prestmit.io\/?p=4468"},"modified":"2025-08-18T13:03:14","modified_gmt":"2025-08-18T13:03:14","slug":"bitcoin-scam-what-is-pig-butchering","status":"publish","type":"post","link":"https:\/\/prestmit.io\/blog\/bitcoin-scam-what-is-pig-butchering","title":{"rendered":"What is Pig Butchering? &#8211; Understanding the Common Bitcoin Scam"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69da897e7503b\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"ez-toc-cssicon\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69da897e7503b\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/prestmit.io\/blog\/bitcoin-scam-what-is-pig-butchering\/#What_is_Pig_Butchering\" >What is Pig Butchering?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/prestmit.io\/blog\/bitcoin-scam-what-is-pig-butchering\/#How_does_Pig_Butchering_Scam_Work\" >How does Pig Butchering Scam Work?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/prestmit.io\/blog\/bitcoin-scam-what-is-pig-butchering\/#How_to_Avoid_Pig_Butchering_Scam\" >How to Avoid Pig Butchering Scam?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/prestmit.io\/blog\/bitcoin-scam-what-is-pig-butchering\/#1_Dont_Trust_Everyone\" >1. Don&#8217;t Trust Everyone<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/prestmit.io\/blog\/bitcoin-scam-what-is-pig-butchering\/#2_Dont_fall_for_Investment_Hype\" >2.. Don&#8217;t fall for Investment Hype<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/prestmit.io\/blog\/bitcoin-scam-what-is-pig-butchering\/#3_Secure_your_Crypto_Wallet_Devices\" >3. Secure your Crypto Wallet &amp; Devices<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/prestmit.io\/blog\/bitcoin-scam-what-is-pig-butchering\/#Frequently_Asked_Questions_FAQs_About_Pig_Butchering_Scam\" >Frequently Asked Questions (FAQs) About Pig Butchering Scam<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/prestmit.io\/blog\/bitcoin-scam-what-is-pig-butchering\/#How_can_I_spot_a_pig_butchering_scam\" >How can I spot a pig butchering scam?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/prestmit.io\/blog\/bitcoin-scam-what-is-pig-butchering\/#What_should_I_do_if_Ive_been_targeted\" >What should I do if I&#8217;ve been targeted?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/prestmit.io\/blog\/bitcoin-scam-what-is-pig-butchering\/#Can_I_recover_money_lost_to_pig_butchering\" >Can I recover money lost to pig butchering?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/prestmit.io\/blog\/bitcoin-scam-what-is-pig-butchering\/#Are_crypto_trading_platforms_safe\" >Are crypto trading platforms safe?<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/prestmit.io\/blog\/bitcoin-scam-what-is-pig-butchering\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>Pig butchering sounds like a term that should be used in an abattoir. Guess what? you are right if you feel the same way. It is a tactic or strategy used by con artists to <em>&#8216;butcher<\/em>&#8216; your <a href=\"https:\/\/prestmit.io\/blog\/10-tips-secure-crypto-investments-year\">crypto investment.<\/a><\/p>\n<p>This is one of the latest lines of tricks used by scammers to rob people of their hard-earned investment in crypto. Call it a <a href=\"https:\/\/prestmit.io\/blog\/crypto-romance-scam-how-to-detect-and-prevent-online-dating-scams\/\">romance scam<\/a>, you are also not wrong. It is the leading <a href=\"https:\/\/prestmit.io\/blog\/how-to-identify-crypto-scams-in-2022\">Bitcoin scam<\/a> in the world today.<\/p>\n<p><span style=\"font-weight: 400;\">In 2024 alone, crypto scams took over <\/span><a href=\"https:\/\/www.cnbc.com\/2025\/02\/13\/crypto-scams-thrive-in-2024-on-back-of-pig-butchering-and-ai-report.html?\" target=\"_blank\"><span style=\"font-weight: 400;\">$9.9 billion<\/span><\/a><span style=\"font-weight: 400;\"> from victims, possibly reaching $12.4 billion as estimates are modified. Pig butchering scams alone accounted for about 33.2% of scam revenue, rising by <\/span><span style=\"font-weight: 400;\">nearly 40%<\/span><span style=\"font-weight: 400;\"> year-over-year. This scam has nothing to do with livestock or pigs or pork but the name was picked because of the way scammers \u2018fatten\u2019 their victims by feeding them false hopes and promises before eventually \u2018slaughtering\u2019 them (that is scamming them of all their money).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">These scammers typically mix romance, investment hype, and psychological manipulation to drain crypto wallets dry. As a trader, it is important that you understand how this scam works, you must be able to identify it early. This will help you safeguard your assets and save you from losing everything. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">This article will help you understand the signs and safeguard your assets.\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_is_Pig_Butchering\"><\/span>What is Pig Butchering?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img decoding=\"async\" class=\"alignnone wp-image-15436 size-full lazyload\" data-src=\"https:\/\/blog.prestmit.io\/wp-content\/uploads\/2022\/08\/cryptocurrency-1536x864-1.png\" alt=\"Pig butchering \" width=\"1536\" height=\"864\" data-srcset=\"https:\/\/blog.prestmit.io\/wp-content\/uploads\/2022\/08\/cryptocurrency-1536x864-1.png 1536w, https:\/\/blog.prestmit.io\/wp-content\/uploads\/2022\/08\/cryptocurrency-1536x864-1-1024x576.png 1024w, https:\/\/blog.prestmit.io\/wp-content\/uploads\/2022\/08\/cryptocurrency-1536x864-1-150x84.png 150w, https:\/\/blog.prestmit.io\/wp-content\/uploads\/2022\/08\/cryptocurrency-1536x864-1-768x432.png 768w\" data-sizes=\"(max-width: 1536px) 100vw, 1536px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1536px; --smush-placeholder-aspect-ratio: 1536\/864;\" \/><\/p>\n<p>Pig butchering is a growing scam in the crypto industry today. As the name implies, pig butchering refers to how a target is \u201cfattened up\u201d before being \u201cslaughtered.\u201d<\/p>\n<p>It is therefore a type of romance scam where strangers use the strategy of forming a relationship with someone they met online to scam them later.<\/p>\n<p>The trend originated in Southeast Asia and translates to the Chinese word \u201cSh\u0101zh\u016bp\u00e1n\u201d. The word refers to a farmer fattening up the pig with food before butchering it. Many have built a relationship (fattened) with people they met online and duped (slaughtered). The FBI has since warned that the scam has grown exponentially this year.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_does_Pig_Butchering_Scam_Work\"><\/span>How does Pig Butchering Scam Work?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Many are aware of the other common type of Bitcoin scam and have stayed on guard. Scammers also took another route different from the old methods to scam people.<\/p>\n<p>Social media has made it very easy to connect with people these days. Facebook, Instagram, Twitter, Tinder, WhatsApp, and so on are platforms where you can meet people, chat, and get along as if you stay under the same roof.<\/p>\n<p>Scammers build a trusted relationship with their victims for months making it seem they are genuine. The communication mostly takes the romantic route with frequent messages about \u2018taking care of each other. Once the offenders gain the victim\u2019s complete trust, they ask them to<a href=\"https:\/\/prestmit.io\/blog\/biggest-bitcoin-ponzi-schemes-you-need-to-know\/\"> invest in Ponzi crypto schemes<\/a>.<\/p>\n<p>The scheme includes convincing them that investing in cryptos can bring in all the riches. The talks also turn to \u2018we can be happy together with the wealth and lead a good future.<\/p>\n<p>The victims then wire the scamsters the money hoping to get rich quickly and lead a romantic yet comfortable life. Once the money is transferred, the scamsters block the victim and make way with the funds.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Avoid_Pig_Butchering_Scam\"><\/span>How to Avoid Pig Butchering Scam?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Here are ways to avoid romance scams named &#8216;<em>pig butchering<\/em>&#8216;. They are discussed below.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"1_Dont_Trust_Everyone\"><\/span>1. Don&#8217;t Trust Everyone<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>You don\u2019t have to trust everyone because you might get scammed in the long run. Keep your details and personal information away from people you seem to trust. Give every message you receive regarding crypto endeavors the greatest level of alertness. This will help you to avoid fraudsters.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_Dont_fall_for_Investment_Hype\"><\/span>2.. Don&#8217;t fall for Investment Hype<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Many projects are being launched today which are scams. You need to be careful and don&#8217;t fall for projects that promise you heaven and earth when you invest. It is one of the tricks used by con artists.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_Secure_your_Crypto_Wallet_Devices\"><\/span>3. Secure your Crypto Wallet &amp; Devices<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>You need to secure your crypto wallet. You can do this by storing your information offline. Also use-multi factor authentication. This allows you to fight attackers. You need to keep security keys safe as well. This will help you to fend off scams.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_FAQs_About_Pig_Butchering_Scam\"><\/span><b>Frequently Asked Questions (FAQs) About Pig Butchering Scam<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"How_can_I_spot_a_pig_butchering_scam\"><\/span><b>How can I spot a pig butchering scam?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">If a stranger texts you and almost immediately shifts the conversation toward investments. If they take it a step further and promise that your returns are sure or try to emotionally blackmail you into investing, run!\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_should_I_do_if_Ive_been_targeted\"><\/span><b>What should I do if I&#8217;ve been targeted?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Stop talking to them immediately and report the account to your local security agency. Also, let the crypto platform that you use know that there is a scammer on their platform.\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Can_I_recover_money_lost_to_pig_butchering\"><\/span><b>Can I recover money lost to pig butchering?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">It is usually not easy to recover your money when you have been scammed through crypto because transactions are irreversible. However, some people are lucky to recover some of their money through blockchain tracing services and law enforcement.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Are_crypto_trading_platforms_safe\"><\/span><b>Are crypto trading platforms safe?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">You are safe if you use legitimate platforms and use strong security practices. Make sure that you use exchanges that are known for their security and regulatory compliance.<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><b>Conclusion<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Pig butchering scams are generally scary because they use your trust against you. It&#8217;s a slow con that works on your feelings just as much as your money, so it&#8217;s nearly impossible to see the red flags until it&#8217;s too late. The best way to stay safe is to know how they operate and be super suspicious of any investment opportunities you didn&#8217;t go looking for yourself.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pig butchering sounds like a term that should be used in an abattoir. Guess what? you are right if you feel the same way. It is a tactic or strategy used by con artists to &#8216;butcher&#8216; your crypto investment. This is one of the latest lines of tricks used by scammers to rob people of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":15437,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1788],"tags":[1969,2322],"class_list":["post-4468","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-crypto-scams","tag-pig-butchering"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.5 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>What is Pig Butchering? - Understanding the Common Bitcoin Scam - Prestmit<\/title>\n<meta name=\"description\" content=\"Are you new to crypto scams? 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