Scam Alert: The Pig Butchering Scam Strikes Again
Previously, I shared a story where a follower in my group almost got wiped out by a fake "decentralized ETF" platform. I told him to immediately move his funds, and he did.
Thought the story ended there? Nope.
Later, he moved his coins from that scam platform to his Binance account. The result — Binance froze his account, citing "suspicion of fraudulent funds."
The address of that scam platform has already been flagged. Any funds coming from there are tagged as "dirty money" on the chain.
Now he can't even explain what happened.
This is the most disgusting part of the pig butchering scam —
Either you get scammed, or your money gets "contaminated" by the fraudsters. Even if you manage to get it back, it becomes "problematic funds."
1. Don't touch any platform you've never heard of.
Scammers won't admit they're scamming you. The interface, candlesticks, and returns they show you are all fake.
2. Don't trust anyone who DMs you claiming they can "make you money."
No matter how sweetly they talk or how much they initially let you profit, it’s all bait.
3. If you’ve already gone in and want to pull out, keep this in mind:
Don’t mention your main trading exchange account directly. Funds coming from a scam platform might already be flagged. Depositing them can trigger risk control, and you'll be the one frozen out.
The right way to do it:
• First, withdraw to a temporary wallet.
• Observe for a few days to confirm there are no issues.
• Then, do a small test transfer to the exchange.
• Or directly contact the exchange’s customer service to report in advance that you’re a victim.
4. Keep all evidence.
Save chat records with the scammers, transaction records, and platform screenshots. If you get frozen, these are your proof of innocence.
That follower of mine is still arguing with Binance's customer service. Thankfully, he reached out to @sisibinance to explain the situation, and it can be resolved.
Once again:
• Don’t be greedy.
• Don’t trust strangers.
• Stay away from anything that promises "guaranteed profits."
• There are no free lunches in this game.
Scammers can go down with their whole family.
Previously, I shared a story where a follower in my group almost got wiped out by a fake "decentralized ETF" platform. I told him to immediately move his funds, and he did.
Thought the story ended there? Nope.
Later, he moved his coins from that scam platform to his Binance account. The result — Binance froze his account, citing "suspicion of fraudulent funds."
The address of that scam platform has already been flagged. Any funds coming from there are tagged as "dirty money" on the chain.
Now he can't even explain what happened.
This is the most disgusting part of the pig butchering scam —
Either you get scammed, or your money gets "contaminated" by the fraudsters. Even if you manage to get it back, it becomes "problematic funds."
1. Don't touch any platform you've never heard of.
Scammers won't admit they're scamming you. The interface, candlesticks, and returns they show you are all fake.
2. Don't trust anyone who DMs you claiming they can "make you money."
No matter how sweetly they talk or how much they initially let you profit, it’s all bait.
3. If you’ve already gone in and want to pull out, keep this in mind:
Don’t mention your main trading exchange account directly. Funds coming from a scam platform might already be flagged. Depositing them can trigger risk control, and you'll be the one frozen out.
The right way to do it:
• First, withdraw to a temporary wallet.
• Observe for a few days to confirm there are no issues.
• Then, do a small test transfer to the exchange.
• Or directly contact the exchange’s customer service to report in advance that you’re a victim.
4. Keep all evidence.
Save chat records with the scammers, transaction records, and platform screenshots. If you get frozen, these are your proof of innocence.
That follower of mine is still arguing with Binance's customer service. Thankfully, he reached out to @sisibinance to explain the situation, and it can be resolved.
Once again:
• Don’t be greedy.
• Don’t trust strangers.
• Stay away from anything that promises "guaranteed profits."
• There are no free lunches in this game.
Scammers can go down with their whole family.