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