Technology

Pig Butchering Phenomenon in Indonesia, Starting from Instagram DM Tipped to Loss Rp 500s Million

KOMPAS.COM – A woman from Pangalengan, West Java, initials AA (35) became a victim of crypto investment scam pig butchering . The phenomenon of pig butchering scam is one of the schemes crypto investment fraud with social manipulation mechanisms ( social engineering ) which is currently booming and is in the spotlight of the bureau US Federal Investigations (FBI).
The term pig butchering was taken to describe the mechanism his deception, where the farmer will fatten the pig before slaughtered to produce more meat.
Well, in the case of crypto fraud, the fraudster is described as farmer, while the victim is represented as a pig that fattened before being executed or withdrawn as much of its assets as possible.

 

500 MILLIONS
After the assets are withdrawn, the victim will be left to languish because he does not can get crypto investment returns, as promised.
During the period of cattle, aka approach, the victim will be force-fed with everything sweet promise, like getting abundant profit from investment crypto. Perpetrators will persuade victims to invest in a fake crypto platform.
Once the victim has invested enough, and the fraudsters goal has been achieved, investors will be slaughtered by taking all assets invested. Even the victim will not get any benefit of the investment.
START FROM DM IG
Thats what happened to AA not too long ago. pig . scam Butchering he experienced started from the message direct message Instagram (DM IG) from an account claiming to be South Korean.
The account creates a profile that shows glamor and style luxury living. AA also responded to the message, then the two of them communicated continues to the WhatsApp platform.
During the approach, the AA and the actors exchange activity information daily activities, what business they do, and other information. Actually, AA was suspicious because the account that claimed to be Korean was closed the comments column on each upload. The account also never tagged ( tag ) in other peoples posts, like most accounts normal.
However, the suspicion disappeared because of the friendly attitude of the perpetrator during the approach with AA. AA feels more confident after doing video call with the Korean guy.
At first I was also hesitant, only I saw the same person on Instagram with those who do video calls , said AA when contacted KompasTekno some time ago.

 

MILLIONS OF RUPIAH VICTIMS LOSS
After being close enough, the perpetrator also shared a sad story that he had experienced, how did he go through it, so that he could reap success by investing in crypto. At one point, the perpetrator began to persuade AA to invest in crypto to be as successful as he is.
He said, Do you want to be taught crypto investing so you can do it like me?. Who doesnt want it, because if you look at it His Instagram, this Korean hedon (has a luxurious lifestyle), AA story.
AA had refused because her husband had lost due to investing crypto. However, the perpetrators are not afraid to persuade AA to open an account at a fake crypto investment platform that has been designed in such a way.
Try it, you first open this link bitmartch.net. Try you tap (tap) this, tap this, register ID number and e-mail . Try aja enter 200 US dollars, said AA remembering the directions from the perpetrators which is still etched in his head.
I just follow what he wants. Though, thats the condition already it was almost midnight at that time, said AA, telling himself like hypnotized and followed all the directions of the Korean.
AA then obeyed the perpetrators wishes and put in the investment money worth 200 US dollars (about Rp. 3 million) for the first time. Moment make a transfer, AA is directed to send investment money to CIMB Trade on behalf of Indonesians. He was also suspicious because of the platform should be international.
The Korean said the account was a Bitmartch representative who exist in Indonesia. And Im stupid just follow what he said. That same night, I top up 200 US dollars, only about Rp 3 millions of that time, recalls AA.

 

TINDER SWINDLER ON NETFLIX
Perpetrators say, AA will benefit 3-8 percent of every transaction. As a result, he was tempted to invest more much more.
For four days I continued to be invited by him. From 200 US dollars, My total assets are 260 dollars. Thinking about it there who is not lulled, only capital tap-tap only , right? quite an advantage while silent (without significant effort), said AA.
After believing that his investment paid off, AA was forced to cash out some assets on bitmartch.net.

Source:  https://tekno.kompas.com/read/2022/10/11/13000067/fenomena-pig-butchering-di-indonesia-berawal-dari-dm-instagram-berujung-rugi-rp