Security, Scams & Risk
Pig Butchering
A long-running scam in which a fraudster builds a friendship or romance over weeks, then steers the victim into a fake investment platform and drains them. In 2025 the FBI recorded $7.2 billion in reported US losses to cryptocurrency investment fraud, the category these scams fall under and the largest single source of reported cybercrime loss, and many operations are run by organized groups using trafficked workers in Southeast Asia.
Related terms
In the blog
More in Security, Scams & Risk
General education, not investment, legal or tax advice. Markets and regulation change quickly: where a definition depends on current law or on a recent event, check the latest coverage before relying on it.