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In the latest episode of Last Week Tonight, John Oliver delves into a prevalent online crypto scam called “pig butchering.”

What is Pig Butchering?

Pig butchering is a financial scam where fraudsters befriend victims and convince them to invest money through a fake app. Victims are often directed to a seemingly reputable trading platform, but any money invested is lost.

The Human Cost of the Scam

Oliver highlights the tragic reality that many of the “scammers” on the other end of the phone are themselves victims of human trafficking by criminal gangs.

How to Protect Yourself

Oliver emphasizes the importance of awareness to combat this scam. He advises viewers to be wary of strangers on dating apps who express love or mention crypto within a month of communication.

Conclusion

Oliver concludes that reducing the number of victims falling for this scam is crucial to making it less lucrative. He urges viewers to spread awareness about the pig butchering scam, as it can genuinely help prevent people from becoming victims.