pig butchering
The term "pig butchering" is a metaphor for a scam where victims are 'fattened up' with trust before being defrauded of their money, often through cryptocurrency schemes.
🇺🇸 US Voice:
🇬🇧 UK Voice:
Definition
B2Fraud
(informal, modern)A scam where victims are gradually convinced to invest large sums of money into a fake scheme, usually involving cryptocurrency, and then defrauded.
Example
- He fell victim to a pig butchering scam and lost all his savings.
- The authorities warned about the rise in pig butchering schemes targeting online investors.
Similar
Terms that have similar or relatively close meanings to "pig butchering":
pig butcherpig runcold pigpacking plantsuckling pigwhole hogbearded pigpig's earbutcher boysausage makingpig's whisper