China's Unexpected Crackdown on 'Pig Butchering' Leaves Everyone Surprised.

1 min read
Source: The Wall Street Journal
China's Unexpected Crackdown on 'Pig Butchering' Leaves Everyone Surprised.
Photo: The Wall Street Journal
TL;DR Summary

Chinese scammers operating from Southeast Asia are engaging in a fraudulent scheme known as "pig butchering," where they establish fake relationships with individuals worldwide and convince them to make bogus investments. By creating the illusion of growing investments, the scammers manipulate victims into sending more money before disappearing.

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