Amidst the rise in online fraud, understanding the Pig Butchering Scam is essential. The name comes from the idea of fattening a pig before slaughter. A pig butchering scam is a deceitful scheme where people are convinced to invest more money, often in cryptocurrency, into what seems like a genuine opportunity. These scams are widespread and lead to big financial losses for victims worldwide, as the scammers disappear after collecting large sums of money. The ‘pig butchering’ exploits the crypto space’s value ambiguity, favouring investors anticipating very high returns.