How pig butchering works
The scammer builds trust over weeks or months before the 'investment' is introduced. Small withdrawals are allowed at first to build trust – then everything is locked.
Knowledge base
Learn to recognise the scam before the money is gone.
A guide to modern investment scams in the Nordics – and a quick self-test if you suspect you are being targeted.
Are you being scammed?
Tick the statements that apply to your situation.
Nothing ticked yet.
Fake crypto exchanges and clone sites
Sites that look identical to Kraken, Binance or Safello. Always check the URL character by character and never use links from messages.
Remote-control scams
You get a call about a 'security problem'. During the 'help', the scammer empties your bank account and buys crypto in your name. No legitimate actor asks for remote access.
Recovery scams – targeting those already defrauded
After a scam, victims are contacted by 'recovery firms' demanding upfront payment. Nordics Coin never takes upfront payment in crypto and verifies all cases via BankID.
The six most common warning signs
Guaranteed returns of 200–300%
No legitimate investment can guarantee returns. Promises of fast, safe profits are the clearest warning sign.
WhatsApp or Telegram groups
You are added to a group of 'experts' and 'happy investors'. Everyone except you is a scammer or a bot.
Requests for AnyDesk or TeamViewer
No bank or exchange asks you to install remote-control software. If you do, the scammer gets full control of your computer.
Unknown trading platform with its own app
The site shows nice profits, but you can never withdraw. The platform is a facade controlled by the scammers.
A relationship that turns into investing
'Pig butchering': an online friend or partner starts suggesting joint crypto investments after a few weeks.
Pressure to act fast
'The offer is only valid today', 'the account will be locked unless you pay the tax'. Stress is the scammer's most important tool.