BlogCast: From Audio to Insight

This post comes straight from an episode of Behind the Scams, the true‑crime podcast from Stamp Out Scams. We couldn’t choose between writing or talking about scams—so we figured, why not both? That’s how the BlogCast was born: in a world full of scams, sometimes you need both a keyboard and a microphone to fight back.

We’ve turned this podcast episode into a full written story because the lessons in it are simply too important to miss. Scams don’t just steal money—they take away trust, security, and sometimes even lives. By turning these stories into blog posts, we make sure you can read, share, and easily search for the crucial prevention details that might one day protect someone you care about.

If you prefer to take it all in at your own pace, the full story from the podcast is right here in written form. It’s designed to let you dig into the details in whatever way works best for you.

Prefer listening over reading? The full episode is waiting for you in the player above. And if you’ve got a favorite podcast app, we’ve made it easy—just scroll click on your platform of choice. It’s like scam‑fighting, but hands‑free!

Introduction

Being the founder of a non-profit scam prevention organization, I know internet scam stories are everywhere nowadays. They are not just something that hapens to ‘other people’—they happen to people from all walks of life.  I recently received a call from a woman who had recently become a scam victim. She was in tears, having lost her entire savings to a cryptocurrency investment. It was something she genuinely believed in. The scam? A ‘pig butchering’ operation, as slick as it was devastating.

That experience sent me down a rabbit hole, determined to understand how these scams work, why they are so successful, and how we can fight back. Prepare to have your mind blown—and your guard heightened—as we wander into a scam landscape that’s part psychological thriller, part financial nightmare.

Pig Butchering Scam Overview: A Digital Slaughterhouse

Let’s pull back the curtain on one of the fastest-growing crypto crime trends: pig butchering scams. If you’re picturing something out of a crime thriller, you’re not far off—except the “slaughterhouse” is digital, and the victims are everyday people, emotionally “fattened up” before being financially gutted. These cryptocurrency investment scams are sweeping through dating apps, social networks, and messaging platforms, leaving heartbreak and empty bank accounts in their wake.

So, what exactly is a pig butchering scam? The name is as graphic as the process. Scammers start by reaching out on platforms like Tinder, Instagram, WhatsApp, or even LinkedIn. The initial approach is friendly—sometimes romantic, sometimes just chatty. They’re patient. They’ll spend weeks, even months, building trust. You’re made to feel special, like you’ve stumbled into a secret world or an exclusive opportunity. That’s the emotional “fattening up.”

Then, the conversation shifts. Suddenly, your new friend is talking about cryptocurrency trading platforms, sharing stories of big wins, and dropping hints about a “can’t-miss” investment. These platforms look slick and professional, but they’re completely fake. The returns are fabricated, the dashboards are smoke and mirrors, and every dollar you send is gone for good. According to the latest Crypto Crime Report, pig butchering scams have become one of the most common crypto scams in 2025, with social engineering and emotional manipulation as their deadliest weapons.

Let’s talk numbers. Research shows that Americans lost over $2.8 billion to pig butchering scams in 2024 alone. In one Department of Justice case, more than 400 suspected victims were identified. And the problem is only getting worse. High-yield investment scams are on the rise, fueled by organized criminal networks that launder stolen funds through shell companies and cryptocurrency wallets. The DOJ even seized $225.3 million linked to these scams—the largest crypto seizure in Secret Service history.

Why do these scams keep growing? It’s not just about greed or naivety. Many victims are smart, tech-savvy, and financially literate. But scammers are master manipulators. They use social engineering, urgency, and emotional grooming to break down skepticism. As Nick from Behind the Scams puts it:

‘Victims are emotionally groomed—by the time the money’s gone, they’re too ashamed to speak up.’

That shame is a big part of the scam’s power. Victims often feel isolated, embarrassed, and reluctant to report what happened. Meanwhile, the scammers move on to their next target, armed with new tactics and AI-driven tricks. The digital slaughterhouse never sleeps.

It’s a chilling reminder that trust, once weaponized, can be the most dangerous tool in a scammer’s arsenal. Pig butchering scams aren’t just about stealing money—they’re about hijacking hope, confidence, and connection. And as long as cryptocurrency investment scams keep evolving, the digital slaughterhouse will keep claiming new victims.

Cryptocurrency Trading Platform Scams: Are You Next?

Let’s talk about the new face of cryptocurrency investment scams—the fake trading platform. If you think you’d never fall for it, think again. These scams are so polished, so convincing, that even seasoned investors have been duped. I’ve seen it happen up close, and the stories are chilling.

It usually starts innocently enough. Maybe you meet someone on a dating app, or a friendly “crypto expert” slides into your DMs on Instagram or WhatsApp. The conversation turns to investing, and before you know it, you’re being invited to join a “hot” new cryptocurrency trading platform. The website looks legit—sleek design, real-time charts, even a live chat support button that actually responds (at first).

Here’s the catch: it’s all smoke and mirrors. These platforms are built to