Cryptocurrency-targeted phishing attacks, particularly known as "Pig Butchering" or "Sha Zhu Pan" attacks, are elaborate scams designed to drain victims of their cryptocurrency investments through a combination of social engineering, trust-building, and fake investment opportunities. These attacks have gained prominence with the rise of cryptocurrency trading, where anonymity and quick transactions make it easier for attackers to steal funds without detection.

Pig Butchering or Sha Zhu Pan attacks are highly sophisticated phishing scams that prey on the trust and emotions of victims, gradually luring them into a false sense of security before draining their cryptocurrency investments. These attacks highlight the importance of verifying the legitimacy of investment opportunities and being cautious of unsolicited financial advice, especially in the unregulated world of cryptocurrency.