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Just What Is The Pig Butchering Scam: You Will Definitely Want To Watch This Video And Learn!

Pig butcher­ing is one of the most recent trend­ing scams.

Most scams take-on a unique life of their own. And often times these scams will also take on a crazy name. The scam out­lined in this video, has to have one of the most unique names yet! This scam is referred to as Pig Butcher­ing! Even with the unique name, this scam should not be tak­en light­ly.

This scam start­ed in late 2019. Since its ori­gins, South­east Asia has become a hotspot for the scam. Gangs in South­east Asia run the scam in a busi­ness like struc­ture. Much of the time gangs will use human traf­fick­ing vic­tims to run the scams.

Unfor­tu­nate­ly pig butcher­ing has become one of the fastest grow­ing scams in the world.
In 2021, the total com­bined loss­es to pig butcher­ing were believed to be in the tens of bil­lions of dol­lars. Even with these large loss­es, peo­ple still fall for this scam on a reg­u­lar basis.

Like most scams that we out­line here at Stamp Out Scams. The pig butcher­ing scam is very straight­for­ward. Pig butcher­ing Has the most com­mon ingre­di­ents of a suc­cess­ful scam. Which is mon­ey, love and romance, Inter­net com­mu­ni­ca­tions and cryp­tocur­ren­cy.

Watch this video and see just how the pig butcher­ing scam works.
00:00 Intro­duc­tion
00:32 The Pig Butcher­ing Scam Ori­gins
01:12 Pig Butcher­ing Scam Ingre­di­ents
01:31 How The Pig Butcher­ing Scam Works
02:05 Find­ing A Suit­able Tar­get
02:20 Scam­mer Encour­ages Vic­tim
02:35 Cryp­tocur­ren­cy Trad­ing App
02:56 Sim­u­lat­ed Trades
03:20 Scam­mer Manip­u­lates The Vic­tim & Frad­u­lent Plat­form
03:37 Need To Pay Large Fees To Get Mon­ey
03:59 Steps To Take If In A Pig Butcher­ing Scam
04:25 Step 1: Break Off All Con­tact With The Scam­mer
04:37 Step 2: Block & Report Their Account
04:48 Step 3: Change All Your Pass­words
05:00 Step 4: File A Com­plaint With FBI Inter­net Com­plaint Cen­ter
05:14 Step 5: File A Report With Local Police
05:31 Step 6: Mon­i­tor Your Online & Finan­cial Accounts
06:09 Warn­ing: Scam Zone
06:36 Nev­er Share Your Per­son­al Infor­ma­tion
06:47 Don’t Send Cyrp­tocur­ren­cy To Strangers
06:58 Don’t Join Online Invest­ment Groups With Strangers
07:10 Don’t Invest In Cryp­tocur­ren­cy If You Don’t Under­stand It
07:27 Go To Stamp Out Scams Web­site To Con­duct Scam Reasearch
07:40 Live Feeds Of Scam Data Into Stamp Out Scams Web­site
07:55 Stamp Out Scam Blog Data Is Com­piled From Live Scam Data
08:16 Sum­ma­ry
09:08 Sub­scribe To Chan­nel
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