Pig butchering
A new scam to be aware of, with a catchy name to boot: Pig butchering.
WHAT IS PIG BUTCHERING
Pig butchering is a new scam designed to steal your money, just like every other scam. This one appears to start primarily on dating apps and sites, or perhaps with a wayward text message sent to the "wrong" person. Remember your parents saying "don't talk to strangers?" Well, they were right! The FBI is noting a big uptick in victims of this particular scam this year, and people are being taken for large amounts of money.
FIVE TIPS FROM THE FBI TO AVOID CRYPTOCURRENCY-RELATED SCAMS:
Never send money, trade, or invest based on the advice of someone you have only met online.
Don’t talk about your current financial status to unknown and untrusted people.
Don’t provide your banking information, Social Security Number, copies of your identification or passport, or any other sensitive information to anyone online or to a site you do not know is legitimate.
If an online investment or trading site is promoting unbelievable profits, it is most likely that—unbelievable.
Be cautious of individuals who claim to have exclusive investment opportunities and urge you to act fast.
This advice applies in principle, to ANY scams online. Learn not to engage financially or emotionally with persons you met only online. Don't share personal details with these "online only" people. Share these tips with your family, young and old need to hear this. These online criminals exploit our "trust" thousands of times daily to steal sensitive information and money from everyday people just like you.