Bitcoin Investor’s Retirement Lost in Pig Butchering Scam

Crypto News Exploits

“Pig Butchering” Scam Wipes Out Bitcoin Investor’s Retirement Account

Written by Aaron S.,

Editor-In-Chief

Last Updated: December 15, 2025

Key Takeaways

A Bitcoin investor lost his retirement savings after trusting a scammer posing as a trader and romantic partner;
Adviser Terence Michael warned his client multiple times, but was unable to stop the transfer of Bitcoin;
The scammer later revealed that the fake romance used AI-generated photos to deceive the victim.

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“Pig Butchering” Scam Wipes Out Bitcoin Investor’s Retirement Account

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A man who had invested in Bitcoin BTC $86,532.52 lost his retirement savings after falling victim to a "pig butchering" scam.

The case was described by Terence Michael, an author from The Bitcoin Adviser, in a post shared on X.

According to Michael, his client sent all of his Bitcoin to someone pretending to be a trader. The scammer claimed they could double the client’s holdings in a short time.

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Over time, the fraudster also built a personal relationship with the investor by pretending to be a woman interested in him.

Michael explained that he tried several times to stop his client from making the transfer.

He said he made many calls and sent multiple messages, but the investor continued to trust the person behind the scam. He wrote:

My client was falling for a pig butchering scam. And as of last night, while out to dinner, I received a devastating text message from him saying he had lost it all.

In addition to losing his Bitcoin retirement savings, the man also bought a plane ticket for the person he believed he would meet.

Michael added that after the money was transferred, the scammer admitted that the photos used during their conversations were fake and created with artificial intelligence (AI) tools.

Recently. A San Jose widow lost nearly $1 million after trusting a man she met online who lured her into a fake crypto investment. How did that happen? Read the full story.