$12.5B
FTC-reported fraud losses in 2024
FTC says consumers reported losing $12.5 billion to fraud in 2024.
A seemingly accidental text message from a stranger initiates a friendly conversation that gradually builds into a romantic or financial relationship, ultimately steering the victim toward a fake investment platform.
“pig butchering scam”
↑ 12%Key indicators
Estimated impact
$18K
median reported loss
Scam breakdown
Scammers send texts that appear to be wrong numbers — 'Hi, is this Kevin? We met at the conference?' — and engage anyone who responds.
Over weeks or months, they build rapport and trust, sharing fabricated details about their successful lifestyle funded by investments.
Once the victim trusts the scammer, they are guided to deposit money into a fake investment platform that initially shows impressive returns but ultimately blocks all withdrawals.
What to do first
Do not engage with wrong number texts from strangers — block the number immediately.
Related terms
Real-world example
Based on reported patterns. Names and details are illustrative.
The setup
Wei, 35, a lonely individuals, encountered what appeared to be a legitimate pig butchering scams situation while using SMS. Scammers send texts that appear to be wrong numbers — 'Hi, is this Kevin? We met at the conference?' — and engage anyone who responds.
Step 2
What happened next was calculated: Over weeks or months, they build rapport and trust, sharing fabricated details about their successful lifestyle funded by investments.
Step 3
The pressure escalated quickly: Once the victim trusts the scammer, they are guided to deposit money into a fake investment platform that initially shows impressive returns but ultimately blocks all withdrawals.
The outcome
Wei realized something was wrong when text from unknown number appears to be a wrong number but sender is unusually friendly and wants to keep talking. By that point, significant damage had already been done — money sent, personal information shared, or trust exploited.
The lesson
Do not engage with wrong number texts from strangers — block the number immediately. Wei's experience shows why text from unknown number appears to be a wrong number but sender is unusually friendly and wants to keep talking and conversation quickly moves to personal life, finances, and investment opportunities are the clearest early warning signs.
How to identify it
What to do now
What to save before reporting
How big is this problem
These numbers come from government agencies and official reports. If you have been affected, know that this is a widespread problem — not something that only happens to careless people.
$12.5B
FTC says consumers reported losing $12.5 billion to fraud in 2024.
Imposters
FTC says imposter scams remained the most commonly reported fraud category in 2024.
History and evolution
Recovery and follow-up
Why this pattern keeps working
Even when the story changes, most scams still use the same pressure pattern: urgency, authority, and a request to move money or data fast.
The FBI reported that pig butchering scams caused over 3.9 billion USD in losses in the United States in 2023, making it the highest-loss cybercrime category.
FBI IC3 Annual Report 2023
Where to report it
If you have been targeted by this scam, reporting it helps authorities track the pattern and protect others. United States has dedicated agencies that handle fraud reports.
ReportFraud.gov
Federal Trade Commission
Central U.S. consumer fraud reporting portal.
File an IC3 complaint
FBI Internet Crime Complaint Center
FBI portal for internet-enabled crime reports.
Start identity theft recovery
IdentityTheft.gov
Official U.S. identity theft recovery plan builder.
Explore further
Who is most at risk
Primary targets
Lonely individuals, Middle-aged adults, Retirees
Geographic concentration
United States, Canada, United Kingdom, Australia
Primary channel
SMS — Pig butchering scams
Why this group is vulnerable
Lonely individuals are particularly vulnerable because this scam exploits trust in familiar brands, authority figures, and time-sensitive decisions. The ongoing nature of reports suggests that awareness among this demographic remains low.
Sources and methodology
OpenScam tracks scam patterns using a combination of government consumer protection databases (FTC, IC3, Action Fraud), platform-specific fraud reports, and verified consumer complaint data. Each entry is cross-referenced against at least two independent sources before publication.
Severity ratings are based on financial impact potential, reversibility of damage, and volume of reports across multiple reporting channels. Trend velocity reflects the rate of change in report volume over the most recent 90-day window.
This page was last verified on 2026-04-04. Red flags, recovery steps, and reporting resources are reviewed quarterly against current agency guidance.
Evidence and indicators
Source notes
Frequently asked questions
Scammers send texts that appear to be wrong numbers — 'Hi, is this Kevin? We met at the conference?' — and engage anyone who responds. Over weeks or months, they build rapport and trust, sharing fabricated details about their successful lifestyle funded by investments. Once the victim trusts the scammer, they are guided to deposit money into a fake investment platform that initially shows impressive returns but ultimately blocks all withdrawals.
Text from unknown number appears to be a wrong number but sender is unusually friendly and wants to keep talking Conversation quickly moves to personal life, finances, and investment opportunities New friend eventually introduces a trading platform or app you have never heard of
Do not engage with wrong number texts from strangers — block the number immediately. Be suspicious of anyone who quickly pivots from casual conversation to financial opportunities. Report pig butchering attempts to the FBI's IC3 at ic3.gov.
This scam primarily targets Lonely individuals, Middle-aged adults, Retirees. It is most commonly reported in United States, Canada, United Kingdom, Australia and typically appears on SMS.
wrong number text pig butchering scam is currently on our watch list. It has been reported across US, CA, UK, AU. Last updated 2026-04-04.
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Help someone avoid this scam.
Scammers succeed because people do not talk about it. If you or someone you know has been affected, there is no shame in it — it happens to millions of people every year. Share this page with friends and family so they know what to look for.
Relevant collections