Crypto Romance Scams and Pig Butchering

Scharfman, J. (2024) — The Cryptocurrency and Digital Asset Fraud Casebook, Volume II

AI-Generated Synopsis

This chapter provides a neutral overview of crypto romance scams and pig butchering, placing them within a broader history of online fraud. The opening sections trace the historical thread of romance- and advance-fee schemes, referencing well-known precursors such as the Spanish Prison scam and the Nigerian Prince email scam to illustrate how fraudulent narratives have adapted as communication technologies evolved. The framing notes how the shift to cryptocurrency, social media, and online dating platforms has influenced the modes of deception, trust-building, and perceived legitimacy in these schemes. The discussion then turns to pig butchering as a contemporary variant that blends social manipulation with crypto fraud. The synopsis characterizes the phenomenon in general terms, focusing on patterns such as relationship-focused engagement, investment pitches, and the movement of cryptocurrency as funds are requested or coerced. It emphasizes the victims’ experiences and the financial and emotional impact while describing how persuasive storytelling and staged investment opportunities


        
      

Romance Scam Research Center (RSRC)
1100 W Cherry St
Vermillion, SD 57069
USA

We currently do not provide direct support. If you need immediate help or to report a crime, visit our curated resource list.

Resource List

© 2025 Romance Scam Research Center, a program of the Social Technology and Safety Foundation
.