In this video, we reveal the dangers of Pig Butchering scams through real victim stories. Discover how scammers use emotional manipulation and fake investment opportunities to deceive people. We’ll highlight crucial red flags to help you avoid falling victim and provide essential tips for protecting yourself from these sophisticated crypto frauds.
0:00 Intro
1:46 How pig butchering scams work
2:27 The approach
2:55 Gaining the victim's trust
3:39 The fake investment opportunity
4:06 Psychological tricks
4:46 The fake trading platform
6:39 The pig gets butchered
7:41 How to recover stolen funds
9:13 Red flags
10:07 Outro
#scammer #cryptocurrency #bitcoin
Follow COINTELEGRAPH:
Website: https://cointelegraph.com/
Telegram: https://t.me/cointelegraph
Facebook:
/ cointelegraph
Twitter:
/ cointelegraph
Mobile app: https://linktr.ee/cointelegraph_mobile
Cointelegraph covers everything Bitcoin, bringing you the latest news, prices, breakthroughs, and analysis, with emphasis on expert opinion and commentary from the digital currency community.
0:00 Intro
1:46 How pig butchering scams work
2:27 The approach
2:55 Gaining the victim's trust
3:39 The fake investment opportunity
4:06 Psychological tricks
4:46 The fake trading platform
6:39 The pig gets butchered
7:41 How to recover stolen funds
9:13 Red flags
10:07 Outro
#scammer #cryptocurrency #bitcoin
Follow COINTELEGRAPH:
Website: https://cointelegraph.com/
Telegram: https://t.me/cointelegraph
Facebook:
/ cointelegraph Twitter:
/ cointelegraph Mobile app: https://linktr.ee/cointelegraph_mobile
Cointelegraph covers everything Bitcoin, bringing you the latest news, prices, breakthroughs, and analysis, with emphasis on expert opinion and commentary from the digital currency community.
-
- 1
Francisco Gimeno - BC Analyst "The pig butchering scam" is on the rise in crypto. Our experience is that it can happen to anyone even if we believe ourselves too smart to fall in it. In fact most of the victims getting scammed in this way, it's only after they have been scammed they realise the signs were all there. Scammers build trust, fatten you, earn you trust in many ways, until one day they disappear with your funds. The scammers have researched you, your emotional life, your investments, your job, your life, offering opportunities which you just trust because it is just a small amount and you earn something too. When you want to open your eyes, you have given them a huge amount and there is where they disappear, like a farmer fattens the pig slowly making it happy and denying any red flag until one day the butcher comes. Important to belays aware of your environment and never trust anyone in crypto. Never.