Read on to learn how this scam works and how to steer clear of it.
How Does the Pig Butchering Scam Work?
Then, the scammer stays in touch for weeks or months, working to gain your trust.
Hannah Stryker / How-To Geek
Taking a cautious approach, they suggest beginning with a small investment to monitor its progress.
However, they demand that you invest exclusively through their recommended platforma platform the scammers own.
After being enticed by your earlier gains, you might reinvest all your funds.
Once they notice that you’ve invested all you might, they suddenly stop contacting you.
They might also claim you cannot withdraw money due to a technical issue.
This is how you could be drawn in and exploited in a pig butchering scam.
you’re free to check that by looking for a few signs.
If something feels wrong, it probably is.
The scammers behind the dating profiles often use pictures of models.
The scammer might also talk about investments too often, bragging about making money from cryptocurrency investments.
Once you’ve recognized the signs that scammers are deceiving you, what should your next steps be?
With this evidence in hand, immediately block the scammer to halt further contact.
Also,unmatch or block themon other platforms where they may have contacted you.
Tricked by the Pig Butchering Scam?
However, there are steps you’re free to take to prevent further losses.
