Pig-Butchering: A Texting Scam With a Crypto Twist
The Journal.
The Wall Street Journal
4.2 • 5.8K Ratings
🗓️ 24 November 2023
⏱️ 23 minutes
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| 0:00.0 | Hey, it's Kate. We're off today as part of our Thanksgiving break, but we wanted to remind you of this |
| 0:06.7 | episode from last year. It's about the rise of a new kind of con that starts with a text. Here it is. Our colleague Robert McMillan |
| 0:19.1 | covers cybersecurity and he's been reporting on a growing problem. |
| 0:24.0 | Texting scams. |
| 0:25.8 | Maybe you've gotten one. |
| 0:27.4 | There are these text messages that come from numbers you don't recognize, |
| 0:31.4 | and usually they try to strike up a conversation. |
| 0:35.0 | You probably ignore them. |
| 0:37.0 | But Bob, he doesn't. |
| 0:41.0 | For the last month or two, every time I get one of these obscure text messages, I respond. |
| 0:49.7 | And I got a text message on Friday at 4 p.m I haven't answered it but I think I should |
| 0:56.3 | answer it now the mess here let me read the message to you okay says good |
| 1:00.5 | evening I hope you had a good and productive day long time no see I have updated my number how are you doing you don't recognize the number no I don't recognize it's a 530 number. |
| 1:12.0 | Okay and what's your reply? |
| 1:15.0 | I'm going to say, I think you have the wrong number. |
| 1:19.0 | Do I know you? But I've been doing this for a couple of months and usually what happens is they send me back a pitcher right away. |
| 1:30.0 | And it's usually a young attractive looking person. then they say I don't know you but you seem interesting. |
| 1:38.6 | But the people texting Bob aren't actually interested in him. They're interested in his money. These texts |
| 1:46.2 | are part of a new crypto scam. It's sophisticated and it can go on for months. It's |
| 1:51.9 | called pig butchering. So the problem is if you respond to these |
| 1:56.5 | messages they have these scripts they use that are basically designed to entice a |
| 2:02.2 | certain type of person into a relationship. |
... |
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