Crypto Scam

How to Spot and Avoid ‘Pig Butchering’ Crypto Romance Scams What Is a Pig Butchering Scam? The term “pig butchering” comes from the way scammers carefully “fatten up” a victim before taking their money. It blends social engineering — often starting on dating apps or social media — with fake cryptocurrency investments. The goal is to build trust over weeks or months, then convince you to send large sums to bogus trading platforms that show impressive but completely fabricated returns. ...

How to Recognize and Avoid ‘Pig Butchering’ Scams: A Guide Based on the Latest Consumer Alert from New York’s Attorney General In February 2026, New York State Attorney General Letitia James issued a consumer alert warning residents about a rising fraud known as “pig butchering.” While the name sounds odd, the scam itself is devastating. It combines elements of romance scams with fake cryptocurrency investment platforms, often draining victims of tens or even hundreds of thousands of dollars. If you use social media, dating apps, or messaging apps, it pays to understand how this scheme works and what you can do to avoid it. ...

What Is a ‘Pig Butchering’ Scam? Warning Signs and How to Protect Yourself New York Attorney General Letitia James has issued a public warning about a sharp increase in so-called “pig butchering” scams targeting state residents. While the alert applies directly to New York, this type of fraud is spreading across the country and preys on anyone who uses social media, dating apps, or cryptocurrency platforms. ...