Which term denotes a cryptocurrency investment scheme resembling pig butchering?

Study for the Certified Bank Secrecy Act Professional Test. Use flashcards and multiple-choice questions with hints and explanations. Get exam ready!

This is about a long, trust-building crypto investment scam. In this scheme, the perpetrator cultivates a relationship with the victim—often posing as a friendly trader, influencer, or confidant—then gradually pressures or entices them to invest more money into fake crypto opportunities. The scam relies on social engineering, convincing chats, fake returns, and sometimes staged testimonials or fake platforms, all aimed at fattening the victim up before draining their funds. That descriptive term—pig butchering—captures the way the scammer “fats up” the target with trust before the final loss.

Other terms in the choices aren’t used to describe this specific crypto romance-style fraud. Encryption is about protecting data through cryptography, not a scam label. Safe Harbor is a legal concept offering certain protections in specific contexts, not a description of a scam. CVC Investment Scam isn’t the standard label for this phenomenon and doesn’t convey the distinctive trust-building, crypto-focused angle of the scheme.