How Pig-Slaughtering Crypto Scam Victim Got $1 Million Back
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A victim of the pig slaughtering crypto scam lost over $1 million and was able to recover it by filing a report with reportscammedbitcoin.com. This gives hope for the refund of funds to all victims of pig slaughter scams, as well as other types of scams related to cryptocurrency that it is possible to recover all your stolen funds.
We’ve all heard the horror stories of crypto missions, pump and dump, crypto investment scams that usually leave the victim’s bank account high and dry. But there is a new type of scam that is becoming popular today, which is called “pig slaughtering.” This is something you must definitely avoid at all costs.
What is a Pork Slaughter Encryption Scam?
It’s a new type of scam that cunningly combines a romance scam and an investment scheme. Dating and romance scams have been around since the early days of the internet. Cryptocurrency on the other hand came into being in 2009 and only became very popular a couple of years ago. However, the rise of cryptocurrencies was also accompanied by scams such as pig slaughter.
Pig Slaughter mixes romance, fraud and investment schemes. It’s a calculated game of manipulation that targets lonely people and sucks them dry. It began in Southeast Asia, and gets its name from the way pigs are “fattened up” before they are slaughtered and consumed. The victim (or pig) is “slaughtered” when the scammers succeed in convincing them to invest in a fake platform, and then disappear with their money.
Pork slaughter crypto scams are on the rise
According to an FBI report, reports of these scams have increased. According to Secret Service Special Agent Shawn Bradstreet, law enforcement and global anti-fraud organizations have received so many lately that earlier this year they released a PSA warning people about them.
Reportscammedbitcoin.com also posted one list of cryptocurrency scammers to make people aware of this common feature of the scam. A strange thing about this trend is the fact that many of the scams are being pushed by crime syndicates. Fortunately, the authorities are making people aware of this trend through media coverage.
How to avoid crypto scams with pork slaughter
Considering the fact that estimated billions of dollars have been lost to this scam already, we want to help people avoid falling for the pork slaughter crypto scam. Here’s how to avoid crypto fraud when slaughtering pigs.
Do not reply to any random text/message
Be careful when using social media/dating apps
Avoid investment opportunities that sound too good to be true
How a Man Got Back the $1 Million He Lost in a Pig Slaughter Scam
Cyril received a WhatsApp message out of the blue.
“Jessy” told him she had found his number in her phone contacts and got in touch thinking they might be old colleagues. Cyril, a man who lives in the Bay Area of San Francisco, did not remember her.
But he felt comfortable with her since she seemed to be nice, cool and interesting. She even shared pictures of what she was eating, which led to the discussion of their mutual love of sushi. Cyril enjoyed the conversation enough to continue the conversation with her the next day.
How a man fell victim to a pig slaughtering scam
The exchange of text messages quickly became more personal. And Cyril now felt comfortable enough to tell Jessy about how he struggled to provide for his family, about his sick father and how the decision to send his father to hospice affected him financially.
They started communicating in October 2021. And by early 2022, Cyril had been cheated out of more than $1 million. The worst part was that over a quarter of it was borrowed money. His finances were in ruins. Cyril, who asked us not to use his real name, realized he had been the victim of a “pork slaughter crypto scam.”
How a Man Got Back the $1 Million He Lost in Crypto Scams by Reporting
Fortunately for Cyril, he quickly submitted a report with reportscammedbitcoin.com, it immediately dawned on him that he had been defrauded. Although he didn’t have much hope of getting his stolen money back. They took all his report, worked on it, and Cyril was lucky that they had the resources and the crypto technology to help him get his money back.
To Cyril’s surprise, he was very happy when ReportScammedBitcoin was able to recover and return the total sum of $1.17 million dollars that he had lost to the crypto hog trading. Like Cyril, you can also recover your scammed bitcoin and cryptocurrency by reporting scammed bitcoin.
Report and recover your money if you are a victim of crypto scam hog trading
A victim of a pork butchering scam never realizes they have been scammed until they attempt to withdraw their money. This is when they are told they have to pay a fee before their money can be released. Often the fraudsters simply disappear with the stolen funds, which are almost impossible to recover.
Crypto and blockchain allow very advanced ways to track stolen funds through risk monitoring firms like ours, but once the funds are lost, there is no guarantee that they will be recovered. You can try to recover from pig slaughter fraud by reporting to ReportScammedBitcoin.com.
