LCTP Global Pig Butchering Scam

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Pig Butchering Collage

Victims are typically lured to invest on the LCTP Global platform through a fake online relationship. These can often be quite intimate and last weeks or months. Victims can invest a small amount and withdraw with profits if they wish to "test" the platform, however the moment they try to withdraw a larger amount they will be met with fees which have to be paid from outside the platform. No matter what fees are paid, they will never receive their money.

This is a global/international case not involving a specific country.

About LCTP Global

"it is a scam crypto trade website, and with its policy, you can't withdraw money for 80% or totally.

"Do not pay them any money! They are lying! They scammed me for lot of money. I paid them tax. But they keep lying ! They will demand more money from you. You go to the police. Make report. Police should find them and sh[u]t down their website."

"can someone help me get my money from the LCTP?"

"You can’t get your money back . The best thing you can do is report the website and track the movements of the coins you sent through the blockchain information."

This is a global/international case not involving a specific country.

The background of the exchange platform, service, or individuals involved, as it would have been seen or understood at the time of the events.

Include:

• Known history of when and how the service was started.
• What problems does the company or service claim to solve?
• What marketing materials were used by the firm or business?
• Audits performed, and excerpts that may have been included.
• Business registration documents shown (fake or legitimate).
• How were people recruited to participate?
• Public warnings and announcements prior to the event.

Don't Include:

• Any wording which directly states or implies that the business is/was illegitimate, or that a vulnerability existed.
• Anything that wasn't reasonably knowable at the time of the event.

There could be more than one section here. If the same platform is involved with multiple incidents, then it can be linked to a main article page.

The Reality

This sections is included if a case involved deception or information that was unknown at the time. Examples include:

• When the service was actually started (if different than the "official story").
• Who actually ran a service and their own personal history.
• How the service was structured behind the scenes. (For example, there was no "trading bot".)
• Details of what audits reported and how vulnerabilities were missed during auditing.

What Happened

The specific events of the loss and how it came about. What actually happened to cause the loss and some of the events leading up to it.

Key Event Timeline - LCTP Global Pig Butchering Scam

Date	Event	Description
July 9th, 2021 5:42:51 PM MDT	Reddit Post	Reddit post mentioning LCTP Global.
August 17th, 2021 2:20:38 PM MDT	Reddit Post	Another Reddit post about LCTP Global.

Technical Details

This section includes specific detailed technical analysis of any security breaches which happened. What specific software vulnerabilities contributed to the problem and how were they exploited?

Total Amount Lost

The total amount lost is unknown.

How much was lost and how was it calculated? If there are conflicting reports, which are accurate and where does the discrepancy lie?

Immediate Reactions

How did the various parties involved (firm, platform, management, and/or affected individual(s)) deal with the events? Were services shut down? Were announcements made? Were groups formed?

Ultimate Outcome

What was the end result? Was any investigation done? Were any individuals prosecuted? Was there a lawsuit? Was any tracing done?

Total Amount Recovered

There do not appear to have been any funds recovered in this case.

What funds were recovered? What funds were reimbursed for those affected users?

Ongoing Developments

What parts of this case are still remaining to be concluded?

General Prevention Policies

Never take investment advice from strangers online. Invest only through reputable platforms.

Individual Prevention Policies

No specific policies for individual prevention have yet been identified in this case.

For the full list of how to protect your funds as an individual, check our Prevention Policies for Individuals guide.

Platform Prevention Policies

Policies for platforms to take to prevent this situation have not yet been selected in this case.

For the full list of how to protect your funds as a financial service, check our Prevention Policies for Platforms guide.

Regulatory Prevention Policies

No specific regulatory policies have yet been identified in this case.

For the full list of regulatory policies that can prevent loss, check our Prevention Policies for Regulators guide.