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'Pig butchering' scams have stolen billions from people around the world: Here's what you need to know

The Island

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July 18, 2025

Organised fraud has evolved into a key pillar of the local economy in certain parts of south-east Asia. The profits generated from online scams are estimated to amount to 40% of the combined GDP of Cambodia, Laos and Myanmar. Criminal leaders have established tightly controlled compounds that serve as hubs for online scams, with their primary activities centred on pig butchering. These compounds are frequently presented as technology parks”, which helps recruit workers. However, many people are forced to work in the scam centres.

- BY BING HAN Lecturer in Economic Crime, University of Portsmouth

'Pig butchering' scams have stolen billions from people around the world: Here's what you need to know

At the beginning of 2025, panic about fraud and human trafficking erupted on Chinese social media.

It started when a Chinese actor called Wang Xing was tricked into travelling to Thailand for an audition, where he was abducted by criminals and taken to a scam centre in Myanmar.

Wang was reported missing and, within three days, the Thai police had located and returned him to Thailand. Details of the operation were not revealed, leading to speculation that withholding more information was part of a deal that led to Wang’s release.

Inside the compound, Wang’s head was shaved and he told the police he was forced to undergo the first phase of training on how to carry out scams.

One such scam is known as “pig butchering”. This type of scam began attracting attention in China around 2019, and is typically carried out by Chinese organised crime groups. Scammers establish fake romantic and trusting relationships with victims before luring them into fraudulent investments or other financial traps.

Pig-butchering scammers have stolen billions of dollars from victims worldwide. In one notable example from 2023, a banker from Kansas in the US called Shan Hanes embezzled US$47 million (£34.6 million) from his bank to cover his losses after falling victim to a pig butchering scam. Hanes was subsequently sentenced to more than 24 years in prison. So, what do we know about how pig butchering scams work?

A pig butchering scam consists of three stages: hunting, raising and killing. These stages correspond to scammers finding victims online, talking with them to build trust and then getting them to invest large amounts of money in fraudulent schemes.

There are some similarities between a pig butchering scam and a traditional romance scam. Scammers may, as in a traditional scam, approach their victims by posing as a possible romantic partner on a dating app or a friend on social media.

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