Financial Fraud
Wrong Number Scams (Pig Butchering)
A scammer texts you pretending to have the wrong number, then builds a friendly rapport before steering the conversation towards a fraudulent crypto investment.
How It Works
- You receive a seemingly innocent text, like "Hi John, are we still on for dinner tonight?", from an unknown number.
- When you reply that they have the wrong number, they apologize but continue the conversation, trying to become friends.
- Over days or weeks, they build trust, sharing details about their luxurious lifestyle, attributing it to a "secret" crypto investment strategy.
- They offer to "help" you get in on the opportunity, guiding you to a fake trading platform they control.
- Initially, you may see large returns and be able to withdraw a small amount, but eventually, they pressure you to invest larger sums, which are then stolen.
Red Flags
- An unsolicited text from a stranger who continues to chat after being told they have the wrong number.
- The person has a very attractive profile picture and a lavish lifestyle.
- They quickly bring up cryptocurrency or investment opportunities.
- They are resistant to video calls or meeting in person.
- The investment platform they recommend is not a well-known, reputable exchange.
Prevention Tips
- Do not engage in conversations with strangers who text you by "mistake".
- Never take investment advice from someone you have only met online.
- Only use well-known and reputable cryptocurrency exchanges.
- Be skeptical of anyone who promises guaranteed, high returns.
Example Scenario
"A stranger texts you, apologizes for the wrong number, but then starts a friendly chat. They mention they are a successful wine importer who made a fortune in crypto and offer to show you how, guiding you to a fake trading website."