How One Man Lost $1 Million To A Crypto ‘Super Scam’ Called Pig Butchering

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A 271,000-word WhatsApp conversation between a Bay Area man and his scammer reveals the heartbreaking mechanics of a new breed of investment racket. Experts believe the global losses are in the billions.

: So you work harder to make money: Discriminated, self image issue, disrespectAfter some hiccups with setting up his new Coinbase account, Jessica told Cy to move his money to Crypto.com instead and instructed him to buy $10,000 worth of Ethereum. He then wired this money to a crypto address, per her instructions.

“I was taking a little bit of risk to better my family’s life and my siblings and I was trying to surprise my family,” he said. “My mission was trying to reduce the hours my wife was working and I was hoping I can help the standard of living for my siblings.”“Let me transfer an additional $20k for tomorrow,” he wrote to Jessica on October 27 — approximately three weeks after her very first communication. “That’s [a] total of $30k. Then Monday add more.

 

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