![]() ![]() The scheme Tsai fell for is believed to have originated in China, where it’s known as the “ pig-butchering scam.” Unwitting victims are figuratively “fattened up” - complimented, courted, and doted on for weeks - before ultimately being led to financial slaughter.Įxperts say con artists seek out their victims on popular dating apps, like Hinge and Tinder, and social media sites, such as Instagram, Facebook, LinkedIn, and even Quora, before steering their conversations to the encrypted messaging service WhatsApp. Related : Opinion: Is cryptocurrency a Ponzi scheme?
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