AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Patrick Boyle On Finance
The Pig Butchering Scam!
Jun 29, 2024
Exploring the deceitful tactics of the 'Pig Butchering Scam' in online romance, where victims are duped into cryptocurrency investments through fake trading apps. Deceptive methods used by scam brokers, evolution of the scam from China to Cambodia, and uncovering scamming tactics and crypto money flows.
27:58
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- The pig butchering scam preys on victims with promises of wealth through cryptocurrency trading.
- Scammers manipulate victims emotionally to extract financial information and assets under the guise of online relationships.
Deep dives
Overview of Pig Butchering Scam
The pig butchering scam involves scammers befriending victims online, luring them with promises of wealth through cryptocurrency trading. Victims are encouraged to open accounts on crypto exchanges, deposit funds, and follow scammer instructions to buy and sell cryptocurrencies. These scammers use fake trading apps that mimic legitimate platforms, instilling false confidence in victims. The scam often involves requesting additional money under various pretexts, leading to significant financial losses for victims.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode