First they befriend you online. They provide an extraordinary level of online attention and [usually] romantic interest. They casually “let slip” how much money they’re making from their crypto “investments.” They encourage you to also make money investing in crypto. After investing a little bit to test the waters, you earn unbelievably good returns. They have fattened up your confidence with time, a romantic relationship, and investment gains. After you invest more, they ghost you and both your money and relationship is gone.
The “pig” in this story is the victim and the butcher is a Chinese captive working in a forced labor camp in Myanmar or Cambodia. These scams particularly target the elderly, so do your part and raise awareness with those you love.