Meaning of pig butchering | Babel Free

Definitions

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.

uncountable

Examples

“According to news reports, pig-butchering scams started in China in 2016. Back then, scammers groomed their victims to place bets on fake gambling websites.”

“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.”

“'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.”

CEFR level