A romance scam and a pig butchering scam both start with someone pretending to care about you. The difference is how they take the money. A romance scammer asks you to send money for their problems: a hospital bill, a plane ticket, a customs fee. A pig butchering scammer never asks for help. They show you how they "make money" and walk you onto a fake crypto trading app, where your balance climbs until you try to withdraw. One asks for a gift. The other sells you a fake investment. Both are run by people you will never meet, and both end with the same rule: don't send more money to get the first money back.

Pig butchering vs romance scam: the short answer

Think of it as two different endings to the same opening. The first weeks look alike: a match on a dating app, a friendly message on social media, or a text that seems to have reached you by mistake. Then the story splits.

In a romance scam, the person becomes your partner and then has an emergency. They're stuck abroad, their bank account is frozen, a relative needs surgery, a shipment is held at customs. You send money because you love them and they need it.

In a pig butchering scam, the person becomes your friend or partner and then shares a secret: they make steady money trading crypto, often "with help from an uncle" or "a mentor's signals." They never ask you for money for themselves. They help you open an account on a trading platform and cheer every gain. The platform is fake, and every dollar you deposit goes to them. The name comes from a Chinese phrase about fattening a pig before the slaughter.

The money is very different too. The FBI's 2025 Internet Crime Report put confidence and romance fraud losses at $929.3 million for the year. Investment fraud, where pig butchering is filed, reached $8.65 billion, and $7.228 billion of that was crypto investment fraud. Romance scams hurt. Pig butchering empties retirement accounts.

$929.3 millionlost to confidence and romance fraud reported to the FBI in 2025 (FBI IC3, 2025 report)
$7.228 billionlost to crypto investment fraud in 61,559 complaints, the FBI's name for pig butchering (FBI IC3, 2025 report)
$1.4 billionlost to recovery scams in 10,516 complaints, the pitch many victims get next (FBI IC3, 2025 report)
Romance scamPig butchering scam
First contactDating app, social media, sometimes a game or chat groupDating app, social media, LinkedIn, or a "wrong number" text
What they want you to feelLove and worry: "I need you"Trust and greed: "I want you to win too"
The askSend money for their emergency, ticket, fee or billDeposit into your own "account" on their trading app
How you payGift cards, wire transfers, payment apps, cryptoMostly crypto, often bought on a real exchange first and then sent to the fake platform
What you seeThank-you messages, then a new emergencyA balance that grows every week, small test withdrawals that work
How it endsThe emergencies never stop, or they vanishA "tax," "fee" or "frozen account" when you try to cash out
Typical lossHundreds to tens of thousands, sent in piecesOften everything they can reach: savings, retirement, home equity, loans
Who's behind itIndividuals or small crewsOrganized groups running scam centers, many in Southeast Asia

How a romance scam works

  1. A perfect profile. The photos are attractive and a little too polished. They're usually stolen from a real person's social media. The job sounds impressive and keeps them far away: an engineer on an oil rig, a doctor with an aid group, a soldier overseas.
  2. Fast, intense attention. Long messages every day, pet names within a week, talk of a future together. They want to move off the dating app to WhatsApp, Telegram or text.
  3. A reason they can't meet. Video calls get cancelled, the camera is "broken," the connection is bad. Plans to visit fall through at the last minute.
  4. The first emergency. A small, believable problem. A fee to release their pay, a medical bill, a ticket home to see you.
  5. More emergencies. Each payment leads to another. If you hesitate, they're hurt, then angry, then desperate.

How a pig butchering scam works

FinCEN's September 2023 alert says these scams typically begin with unsolicited or wrong-number messages, by text, social media, dating sites or messaging apps. Our full pig butchering guide walks through each stage. In short:

  1. The opener. "Hi, is this Mike?" or a match who seems unusually easygoing. The FTC put "wrong number" texts in its top text scams, and says they often turn into a friendship with romantic undertones, then a bogus investment platform.
  2. Weeks of friendship. Good morning messages, photos of meals and travel, questions about your day. No money talk at all.
  3. The lifestyle. They mention, almost by accident, how well their trading is going. They're not selling anything. You ask.
  4. The platform. They walk you through buying crypto on a real exchange, then sending it to a trading site or app that looks professional. Often it isn't in any app store, or it's a web link they send you.
  5. The fattening. Your balance climbs. A small withdrawal goes through, which convinces you it's real. You add more, and sometimes borrow to add more.
  6. The slaughter. When you try to take out real money, the platform wants a tax, a fee or a "deposit to unfreeze" the account first. The FBI's crypto investment fraud page warns that paying these fees doesn't release the money.

The people typing these messages are often victims too. The US Justice Department charged the chairman of Cambodia's Prince Group in October 2025 over forced-labor scam compounds, and moved to forfeit about 127,271 bitcoin, roughly $15 billion at the time.

Both scams start with a stranger who becomes close. A romance scam then asks you to send money for their problem; a pig butchering scam asks you to deposit into a fake trading app A stranger becomes close Romance scam "I need money for..." Pig butchering "Let me show you how I trade" You send it to them You deposit it into a fake app
Same opening, different exit. In both, the money ends up with the scammer.

Is your dating match real? Three checks

You can run these before any money comes up, and they catch both scams early.

  1. Check the photos. Run two or three of their pictures through a reverse image search such as Google Lens or TinEye. If the same face shows up under a different name, on a model's page or in a stock photo site, you have your answer.
  2. Notice the rush off the app. Dating apps can ban and report fake accounts. Someone who pushes you to WhatsApp, Telegram or LINE in the first few days is often leaving the place where they can be caught.
  3. Watch for crypto talk. A new match who brings up trading, a "sure" platform, an uncle with insider signals, or how much they made this week is following a script. Real people who just met you don't coach you on where to put your savings.

Add a fourth if things get serious: a live video call where they do something you ask, like wave or say your name. Stolen photos can't do that, and a scammer will always have a reason why not.

⚠ Red flag

The moment someone you've never met in person mentions crypto investing, a trading app, or money you could make together, stop. It doesn't matter how long you've talked or how kind they've been. That one topic is the turn in almost every pig butchering case.

Warning signs both scams share

  • They found you. A stranger's first message, a match who messaged first, or a text from a number you don't know.
  • They can never meet or video call. Every plan falls through.
  • They want secrecy. "Don't tell your kids, they won't understand." Your family and your bank are the people most likely to stop it.
  • The money moves in ways you can't undo. Gift cards, wire transfers and crypto. Our guide to scammer payment methods shows which ones can sometimes be reversed and which can't.
  • There's always a deadline. The fee is due today, the trading window closes tonight, the account freezes tomorrow.

Older adults living alone and anyone who recently lost a partner are targeted on purpose. If you're worried about a parent, our guide to protecting parents has a script for the conversation.

Prefer to watch? The difference between the two scams, in under a minute.

AI presenter. Written by Robert Stone. More in our How to Avoid Crypto Scams playlist. Or get the checks on one page.

Already sent money? What to do now

Start today. The first day matters most, and our first 24 hours plan goes hour by hour.

  1. Stop sending. Don't pay the tax, the release fee or the "verification deposit." Don't send one more gift card. The next payment never brings the first one back.
  2. Call your bank or card company now. Wire transfers and some card payments can sometimes be stopped if you call fast. Tell them it was a scam.
  3. Save everything. Screenshots of the chats and the profile, the platform's web address, wallet addresses, transaction IDs, gift card numbers and receipts.
  4. Report it. File at ic3.gov and at ReportFraud.ftc.gov, and report the profile to the dating app or social network. Our reporting guide lists who else to tell.
  5. Expect the second scam. Soon after, someone may offer to recover your money for a fee: a "lawyer," a "blockchain investigator," even a fake government agent. The FBI counted $1.4 billion lost to recovery scams in 2025. Our recovery scams guide shows what those pitches look like.

And talk to someone you trust. People who lose money this way often feel too ashamed to tell anyone, which is exactly what the scammer counted on. These are professional operations that do this all day. Being fooled by one says nothing about you.

Robert Stone

Rob's take

I've held Bitcoin since 2011, and I've never once been offered a real investment by a stranger who messaged me first. The romance scam asks you to rescue someone. Pig butchering is meaner: it makes you feel smart, lets you watch your "profits" grow, and only then takes everything. Here's the one rule that beats both. Nobody you haven't met in person gets a say in where your money goes. Not their emergency, and not their trading app.

Want the checks on one page? Get our free Is This Site Legit? checklist when you join the Sunday Briefing.

Not sure about a message or a match? Try our one-minute scam quiz, or browse the Scams hub.

Pig butchering vs romance scam FAQ

What is the difference between a romance scam and pig butchering?

A romance scammer asks you to send money for their own emergencies. A pig butchering scammer never asks for help; they get you to invest on a fake crypto trading platform and let your fake balance grow before taking everything. Pig butchering often starts as a romance or friendship.

Is pig butchering a type of romance scam?

Partly. Many pig butchering scams use romance to build trust, but the money is taken through a fake investment, so the FBI files them as cryptocurrency investment fraud rather than romance fraud. Some start as friendship or a business contact with no romance at all.

Which one costs victims more?

Pig butchering, by far. The FBI recorded $929.3 million in confidence and romance fraud losses in 2025, against $7.228 billion in crypto investment fraud. Victims are often encouraged to keep adding money as their fake profits grow.

How do I know if my online match is a scammer?

Run their photos through a reverse image search, notice if they rush you off the dating app, and stop the moment crypto investing comes up. Ask for a live video call where they do something you request. A real person can.

Can I get my money back from a pig butchering scam?

Sometimes part of it, if you act fast. Call your bank, report at ic3.gov and to the exchange you used, and keep every record. Never pay a fee to withdraw from the platform, and ignore anyone who offers to recover your money for an upfront payment.

Why is it called pig butchering?

It comes from a Chinese phrase, sha zhu pan, about fattening a pig before slaughter. The scammers "fatten" the victim with attention and fake profits, then take everything at once.

New to all this? Our free course Scam-Proof in 7 Days walks you through the checks one short lesson at a time.