The Financial Crime Enforcement Network (FCEN) is raising public awareness about a rapidly growing scam known as “Pig Butchering” — a sophisticated and emotionally manipulative form of fraud that has caused billions in losses worldwide.
If you’ve been approached by someone who seems too good to be true — especially online or through social media — it could be the beginning of a pig butchering scheme.
What is Pig Butchering?
“Pig Butchering” is a scam where fraudsters build fake romantic or professional relationships over time, “fattening” up their victims emotionally before “slaughtering” them financially. These scammers typically lure individuals into fake cryptocurrency or investment opportunities, convincing them to deposit increasingly large sums of money into fraudulent platforms.
The name comes from the idea of fattening a pig before the kill — scammers spend weeks or even months gaining trust before stealing everything.
Key Signs of a Pig Butchering Scam
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Unexpected Contact: You’re approached via WhatsApp, LinkedIn, dating apps, or social media by someone friendly and eager to connect.
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Too Perfect to Be Real: The scammer appears attractive, successful, and extremely interested in you — right away.
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Talk of Investment: Conversations eventually shift to cryptocurrency or investment opportunities, often with fake screenshots of profits.
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Pressure to Act Quickly: They urge you to deposit money or “take advantage” of time-sensitive offers.
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Fake Trading Platforms: You’re directed to a website or app that mimics a real trading platform but is entirely fraudulent.
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You Can’t Withdraw Funds: Once you invest, you’ll be blocked from withdrawing your funds unless you pay more — which still leads to losses.
How to Protect Yourself
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Never Trust Strangers with Financial Advice: Especially those met online.
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Verify Before You Invest: Always research the investment platform independently — don’t trust links from the person.
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Avoid Sharing Personal Information: Scammers often use details about you to tailor their fraud.
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Look for Red Flags: Sudden emotional intimacy, elaborate backstories, and pressure to invest are major warning signs.
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Report Suspicious Behavior Immediately: Use FCEN’s official complaint form at efincengovs.com by clicking on the “File a Complaint” button.
FCEN Can Help
If you suspect you’re being targeted or have already lost money, the Financial Crime Enforcement Network (FCEN) is here to support you. Our team investigates these scams and works with global partners to track down offenders and recover funds where possible.
Don’t Wait Until It’s Too Late
“Pig butchering scams are some of the most emotionally and financially devastating frauds we’ve seen,” said an FCEN representative. “But with increased awareness, early detection, and swift action, we can help prevent more victims from falling prey.”
Visit efincengovs.com now to learn more and report any suspicious activity.
