'Pig-butchering': The online scam that's raked in $75 billion and counting
On Point with Meghna Chakrabarti
WBUR
4.3 • 3.9K Ratings
🗓️ 3 April 2024
⏱️ 49 minutes
🧾️ Download transcript
Summary
The pig-butchering scam. It's a criminal industry that targets the vulnerable, engages in human trafficking, and exploits weaknesses in digital currency. How does it work?
About:
On Point is WBUR’s award-winning, daily public radio show and podcast. Every weekday, host Meghna Chakrabarti leads provocative conversations that help make sense of the world.
Transcript
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| 0:00.0 | Funding for this podcast comes from Math Works, creators of Mat Lab and Simulink software, |
| 0:06.0 | accelerating the pace of engineering and science. Learn more at Math Works. |
| 0:11.0 | This episode is brought to you by Krakan. |
| 0:14.0 | crypto is like finance, but different. |
| 0:18.0 | It doesn't care when you invest, trade, or save, do it on weekends weekends or at 5 a.m. or on Christmas day at 5 a.m |
| 0:27.0 | crypto is finance for everyone everywhere all the time. |
| 0:31.0 | Visit crackin.com slash see what crypto can be to learn more. |
| 0:35.0 | Don't invest unless you're prepared to lose all the money you invest. |
| 0:37.5 | This is a high-risk investment and you should not expect to be protected if something goes wrong. This is on point. I'm Meghachach rubardi. |
| 0:47.0 | A few weeks ago, our live broadcast got off to its normal start. |
| 0:52.0 | You're back with On Point. |
| 0:54.0 | I'm Megna Chakravardi and we have arrived at episode four of our special series. |
| 0:59.0 | The show's going well, except for one thing. One of our main guests, Professor Alvin |
| 1:06.0 | Camba, is nowhere to be found. Onpoint Director Eileen |
| 1:10.2 | Mato was keeping me updated in my my headphones and unfortunately there's no recording of that because you'd be impressed by her cool. |
| 1:18.0 | We're moving forward and I'm introducing the guests. |
| 1:22.0 | And today we're taking a look at the promise of |
| 1:24.6 | nickel, power and prosperity in Indonesia. That big breath there is the tiny gap where Eileen tells me still no Alvin |
| 1:35.7 | Camba go to the other guest. I'd like to bring Cullen Hendricks into the |
| 1:39.7 | conversation. He's senior fellow at the Peter's So the show's out of the gates. |
| 1:43.0 | That's what you hear. |
| 1:45.0 | But what you don't hear or see is the team in the control room. |
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