. 💔 Pig Butchering Scams Cost $5.5B in 2024
Pig butchering fraud—where scammers build trust over weeks before draining wallets—caused losses exceeding $5.5B across more than 200,000 cases in 2024, with average grooming time of 1–2 weeks or up to 3 months in some.
Key factors
75% of victims lost more than half of their net worth.
Many scams originate from organized centers in Southeast Asia; some even involve human trafficking.
Visual: A timeline of grooming, broken heart icon, silhouette of scam compound.
