Saving a Fellow Member from a Pig Butchering Scam

A reddit report about a crypto scam that cost someone Amount not specified. Learn how to avoid falling victim.

A couple years ago I was at a community meeting and an attendee started talking about how much money he was making on crypto. After the meeting was over I asked him for details. He told me this girl had introduced him to a crypto investment and he was making a killing. He was about to transfer the rest of his retirement savings into it. I was a member of this Reddit group and had read about "pig butchering" scams, which is what this sounded like to me. I told him he should be "careful." I urged him to try to withdraw his profits, that he was probably being scammed. He insisted it was not a scam. I again said, "try to withdraw. If you can't withdraw it is a scam." I didn't see the guy again until this morning, again at a community meeting. After the meeting was over he pulled me aside. He told me he lost thousands, but if I hadn't suggested to him that it was a scam he would have lost everything. He thanked me repeatedly. And so I, in return, convey my gratitude that I was able to help someone else with information I learned from this community. Thank you!

🛡️ How to Protect Yourself

1

Research cryptocurrencies and investment opportunities

2

Understand the risks of cryptocurrency investments

3

Never invest based on unsolicited advice

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