Forbes - How One Man Lost $1 Million To A Crypto ‘Super Scam’ Called Pig Butchering
Cy, a man from the Bay Area fell victim to a "pig butchering" scam in which "pigs" or targets are "butchered" or robbed by scammers via a fake cryptocurrency trading platform.
Jessica kept urging him to borrow money and invest in the next "big market", so by December, Cy has been scammed over $1 million, a quarter is borrowed.
Because Cy downloaded MetaTrader from the App Store, he believes it is legitimate, even though it is a fake designed to look real.
Have you ever been invited to invest by a stranger? Beware of pig butchering!!
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