What is 'pig butchering'? FBI issues warning about latest scam

After the victim has made several investments through the phony site, any requests to have cash withdrawn are ignored or denied for one reason or another. The scammer then disappears, taking the victim’s money with them. — Image by jcomp on Freepik

The FBI is warning folks about a number of current predatory online scams, including one with a rather gruesome name.

“Sha Zhu Pan” or “Pig Butchering” is a type of investment scam involving cryptocurrency where the scammer makes contact with the victim via a dating or other social media app.