<ul><li>Romance scams like "pig butchering" prey on victims by establishing fake relationships and trust.</li><li>Scammers use flattery, fake bonding, and the promise of financial gain to manipulate victims.</li><li>The scams often involve teaching victims how to trade cryptocurrencies or foreign currencies, with fake exchanges that show nonexistent profits.</li><li>Victims can lose large sums of money, and while law enforcement acknowledges the problem, they often cannot help recover the funds.</li></ul>

That simple ‘hi’ text from a stranger could be the start of a scam that ends up costing you millions

Discover more