Overview
The FBI reports record losses from pig butchering cryptocurrency scams, where criminals build long-term relationships before convincing victims to invest in fake crypto platforms.
Expert Analysis
GetCyberRight Analyst Assessment
This analysis was prepared by our security team based on verified threat intelligence and official sources.
Indicators of Compromise
Wrong number text initiating conversationInitial contact disguised as accidental
Fake crypto trading platform with fabricated returnsPlatform shows impressive gains that cannot be withdrawn
What You Should Do
Be suspicious of investment advice from people you have never met in person
No legitimate investment guarantees returns
Verify trading platforms with the SEC at investor.gov
Try withdrawing small amounts before investing more
Talk to a licensed financial advisor before investing significant sums
Report suspected pig butchering to the FBI at ic3.gov