Pig Butchering on LinkedIn

My nine most recent invitations from LinkedIn

Lately I've been receiving regular invitations to connect on LinkedIn. None of these individuals are known to me, nor do we have any shared organizations (schools, businesses) in our histories.

They do have attributes in common with each other: young, female, attractive, and Asian, mostly Chinese and Chinese-American. Yes, these are honey traps. [bold added]

The profile of “Mai Linzheng” is actually one of the millions of fraudulent pages set up on LinkedIn to lure users into scams, often involving cryptocurrency investments and targeting people of Chinese descent all over the world. Scammers like Mai claim affiliation with prestigious schools and companies to boost their credibility before connecting with other users, building a relationship, and laying a financial trap...

This wasn’t the first time [Financial Times columnist Jeff] Li had noticed what he thought were fake LinkedIn accounts. Starting in late 2021, he says, he started seeing profiles with less than a few dozen connections—rare for real LinkedIn users—and with profile photos that were always good-looking men and women, likely stolen from other websites. Most appeared to be of Chinese ethnicity and to live in the United States or Canada.

Scammers involved in this practice, which started as early as 2017 in China, create fake profiles on social media sites or dating sites, connect with victims, build virtual and often romantic relationships, and eventually persuade the victims to transfer over their assets. The scammers themselves came up with the name “pig butchering,” comparing the intensive and long-term process of gaining victims’ trust to raising a pig for slaughter.

Guys, know yourself: if a pretty girl strikes up a conversation with you, it's not because she's interested in a romantic relationship. The saying on Wall Street applies to social media: "Bulls make money, bears make money, pigs get slaughtered."