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A pig butchering scam (in Chinese sha zhu pan [2] or shazhupan, [3] (Chinese: 杀猪盘), translated as killing pig game) [1] is a type of long-term scam, which usually but not always combines the various forms of romance scams and investment frauds, in which the victim is gradually lured into making increasing contributions, usually in the form of cryptocurrency, to a fraudulent ...
With “pig butchering” scams on the rise, an increasing number of Americans are falling victim to fraudsters. “In 2023, we saw well over $3.5 billion of reported losses, ...
The senior in San José suspected something was amiss when the woman who'd supposedly helped him buy $170,000 worth of cryptocurrency had asked for twice as much money to pay overseas taxes.
In 2022, pig-butchering and other online cyber fraud cost Americans alone some $2.6 billion, according to the FBI, over double the previous year. Most was conducted from the Golden Triangle.
Grower, a pig between weaning and sale or transfer to the breeding herd, sold for slaughter or killed for rations. [clarification needed] Finisher, a grower pig over 70 kg (150 lb) liveweight; Butcher hog, a pig of approximately 100 kg (220 lb), ready for the market. In some markets (Italy) the final weight of butcher pig is in the 180 kg (400 ...
Crypto exchanges like Binance are central to pig butchering schemes. While romance and investment scams are as old as civilization, crypto adds a new wrinkle, allowing money to travel faster and ...
After rendering, they are much more resistant. This is due to the application of heat either through cooking in the wet rendering process or the extraction of fluid in the dry rendering process. The fat obtained can be used as low-cost raw material in making grease, animal feed, soap, candles, biodiesel, and as a feed-stock for the chemical ...
The gradual increase in funds is likened up to the fattening of a pig before slaughter, while the butchering refers to when the scammer eventually steals the money and cuts ties permanently.