Researchers Uncover Service Providers Fueling Industrial-Scale Pig Butchering Fraud

Published on January 12, 2026

Cybersecurity researchers have shed light on two service providers that supply online criminal networks with the necessary tools and infrastructure to fuel the pig butchering-as-a-service (PBaaS) economy. At least since 2016, Chinese-speaking criminal groups have erected industrial-scale scam centers across Southeast Asia, creating special economic zones that are devoted to fraudulent investment