update definition
Okumaya devam et...
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{{short description|Type of cryptocurrency-related investment fraud}} | {{short description|Type of cryptocurrency-related investment fraud}} |
A '''pig butchering scam''' is a type of [[confidence trick]] and [[investment fraud]] in which the victim is gradually lured into making increasing contributions, in the form of [[cryptocurrency]], to a seemingly sound investment before the scammer disappears.<ref name="trendmicro" /> The name alludes to the practice of [[pig slaughter|fattening a hog before slaughter]].<ref name="fincen" /> These scams have evolved into a global concern, impacting victims worldwide with substantial financial losses. | A '''pig butchering scam''' is a type of long-term [[confidence trick]] and [[investment fraud]] in which the victim is gradually lured into making increasing contributions, usually in the form of [[cryptocurrency]], to a fraudulent cryptocurrency scheme.<ref name="trendmicro" /> The name alludes to the practice of [[pig slaughter|fattening a hog before slaughter]].<ref name="fincen" /> These scams have evolved into a global concern, impacting victims worldwide with substantial financial losses. |
This type of fraud originated in [[Southeast Asia]]. Perpetrators are typically themselves victims of a [[fraud factory]],<ref name="fincen" /> lured from abroad under false pretenses and then forced to commit the fraud by organised crime gangs. Those gangs prevent them from leaving and threaten them with violence if they disobey orders. Many operations are run from areas of Myanmar which are outside central government control due to the [[Myanmar civil war (2021–present)|ongoing civil war]], with one important hub being the town of [[Myawaddy]] in [[Kayin State]], near the border with Thailand. Many of the gangs running pig butchering scams, along with the people forced to commit the fraud, are ethnically Chinese.<ref name=":0">{{Cite news |last1=Qian |first1=Isabelle |last2=Robles |first2=Pablo |date=2023-12-17 |title=7 Months Inside an Online Scam Labor Camp |language=en-US |work=The New York Times |url=https://www.nytimes.com/interactive/2023/12/17/world/asia/myanmar-cyber-scam.html |access-date=2023-12-17 |issn=0362-4331}}</ref> | This type of fraud originated in [[Southeast Asia]]. Perpetrators are typically themselves victims of a [[fraud factory]],<ref name="fincen" /> lured from abroad under false pretenses and then forced to commit the fraud by organised crime gangs. Those gangs prevent them from leaving and threaten them with violence if they disobey orders. Many operations are run from areas of Myanmar which are outside central government control due to the [[Myanmar civil war (2021–present)|ongoing civil war]], with one important hub being the town of [[Myawaddy]] in [[Kayin State]], near the border with Thailand. Many of the gangs running pig butchering scams, along with the people forced to commit the fraud, are ethnically Chinese.<ref name=":0">{{Cite news |last1=Qian |first1=Isabelle |last2=Robles |first2=Pablo |date=2023-12-17 |title=7 Months Inside an Online Scam Labor Camp |language=en-US |work=The New York Times |url=https://www.nytimes.com/interactive/2023/12/17/world/asia/myanmar-cyber-scam.html |access-date=2023-12-17 |issn=0362-4331}}</ref> |
Okumaya devam et...