3 ms·

>In place of "pig butchering," Interpol proposes the term "romance baiting" But these are different things. They are strategies for separate components of a sc

>In place of "pig butchering," Interpol proposes the term "romance baiting" But these are different things. They are strategies for separate components of a scam. Romance is one method of luring the mark, obtaining their trust, motivating them to pay, etc. Pig butchering is one game plan for maximising the profit extracted from the scam. You can have a romance scam without pig butchering, and you can have a scam that employs pig butchering without any romantic element.

taco_emoji 2y ago
Yeah I could easily imagine a crypto-oriented investment con or something like that, which has nothing to do with romance per se.
- Cthulhu_ 2y ago
  "You're gonna LOVE my new cryptocurrency, HotBabesInYourAreaCoin!"
- imzadi 2y ago
  No need for imagination, this is the number 1 scam right now. They make fake investment sites and apps. They encourage the mark to invest some small, safe amount, and let them profit and even withdraw some of their earnings. Once the mark trusts them, they start investing more and seeing their investment growing in the app, which encourages more investing. But, once they go to withdraw a larger amount, there are suddenly all sorts of hurdles and "fees." In reality, there was never any investment happening.
eschulz 2y ago
Interpol is generally ineffective, and this is exactly the type of work I've noticed that they like to focus on and screw up.
tqwhite 2y ago
Really? This is your criticism? It doesn't cover the cases where the person isn't trying to extract maximum profit. But, somehow, in your view, calling a victim a pig is accurate enough for the term to be valid?
- infotecht 2y ago
  "Pig butchering" alludes to the method and callousness of the scammer and has nothing to do with the victim. That would be like criticizing the term "whaling" for comparing targets to whales.
- ASalazarMX 2y ago
  The Wikipedia page is a good read for context. Basically, this type of scam was born in China, during COVID confinement, and was named in similarity to fattening a pig (making them "invest" increasing amounts in worthless ecoins) before slaughtering it. Romance scam is a completely different thing, but they could happen in parallel. https://en.wikipedia.org/wiki/Pig_butchering_scam https://en.wikipedia.org/wiki/Pig_butchering_scam

taco_emoji 2y ago

Yeah I could easily imagine a crypto-oriented investment con or something like that, which has nothing to do with romance per se.

Cthulhu_ 2y ago
"You're gonna LOVE my new cryptocurrency, HotBabesInYourAreaCoin!"
imzadi 2y ago
No need for imagination, this is the number 1 scam right now. They make fake investment sites and apps. They encourage the mark to invest some small, safe amount, and let them profit and even withdraw some of their earnings. Once the mark trusts them, they start investing more and seeing their investment growing in the app, which encourages more investing. But, once they go to withdraw a larger amount, there are suddenly all sorts of hurdles and "fees." In reality, there was never any investment happening.

eschulz 2y ago

Interpol is generally ineffective, and this is exactly the type of work I've noticed that they like to focus on and screw up.

tqwhite 2y ago

Really? This is your criticism? It doesn't cover the cases where the person isn't trying to extract maximum profit. But, somehow, in your view, calling a victim a pig is accurate enough for the term to be valid?

infotecht 2y ago
"Pig butchering" alludes to the method and callousness of the scammer and has nothing to do with the victim. That would be like criticizing the term "whaling" for comparing targets to whales.
ASalazarMX 2y ago
The Wikipedia page is a good read for context. Basically, this type of scam was born in China, during COVID confinement, and was named in similarity to fattening a pig (making them "invest" increasing amounts in worthless ecoins) before slaughtering it. Romance scam is a completely different thing, but they could happen in parallel. https://en.wikipedia.org/wiki/Pig_butchering_scam https://en.wikipedia.org/wiki/Pig_butchering_scam