Hierex Review: Crypto Pig Butchering Scam

The Hierex Crypto Scam is one of the latest and most deceptive cases of online fraud, operating under the infamous pig butchering scheme. This fraudulent operation first surfaced with the registration of Hierex.com in May 2023, presenting itself as a legitimate cryptocurrency trading platform. However, beneath the professional-looking website and enticing promises of high returns lay a meticulously crafted scam designed to steal investors’ funds. As authorities and victims began exposing the scam, the fraudsters quickly registered a backup domain, Hierex.net, in February 2025, ensuring they could continue defrauding unsuspecting victims under a new guise. Let’s look at how victims can get the necessary assistance needed in reporting this scam at RadleyFinance.com

Understanding the Pig Butchering Scam

The pig butchering scam is a method where fraudsters build trust with victims over an extended period before executing their financial deception. It combines romance scams and fake investment opportunities, making it particularly dangerous. Scammers often pose as attractive individuals on social media or dating apps, establishing emotional connections with victims before luring them into fraudulent investment schemes.

The Hierex Scam: How It Works

The Hierex scam follows a well-structured plan to exploit investors through social engineering and psychological manipulation:

1. Initial Contact – Scammers, often posing as attractive women or successful investors, initiate contact with potential victims through social media, messaging apps, or online dating platforms. 
2. Building Trust – The fraudsters engage in weeks or months of conversation, creating a sense of trust and emotional attachment. They present themselves as knowledgeable traders or successful investors, encouraging victims to explore cryptocurrency opportunities. 
3. Introduction to Hierex – Once trust is established, the scammer introduces the Hierex trading platform, claiming it offers safe and high-yield investments. 
4. Fake Profits and Encouragement to Invest More – Victims who deposit funds into Hierex.com see fake trading profits on the platform’s dashboard. This encourages them to invest even more. 
5. Blockage of Withdrawals – When victims attempt to withdraw their funds, they face delays, additional fees, or complete account restrictions. At this stage, the scammers either disappear or demand further payments under false pretenses. 

The Registration of Hierex.net as a Backup Scam Site

When Hierex.com began attracting complaints and negative attention, the fraudsters behind the scam acted quickly. In February 2025, they registered Hierex.net, a near-identical platform, to continue their operations under a fresh domain. This tactic is common among crypto scams, allowing them to dodge investigations and continue deceiving new victims.

The Growing Threat of Crypto Scams

The Hierex scam is not an isolated case. Scammers continuously adapt their strategies, making it harder for investors to distinguish between legitimate platforms and fraudulent schemes. Many victims lose their entire savings, with little chance of recovering funds unless they act swiftly.

How to Protect Yourself from Pig Butchering Scams

To avoid becoming a victim of scams like Hierex, follow these precautionary measures:

• Be Skeptical of Online Contacts – If a stranger, especially a beautiful woman or an overly friendly investor, suddenly takes interest in your finances, be cautious.
• Verify Platforms Before Investing – Always check who owns the platform, how long it has been operational, and whether it has legitimate licenses.
• Avoid Platforms That Require Large Deposits – Fraudulent sites often lure victims with small initial deposits and push them to invest more before blocking withdrawals.
• Never Send Crypto to Unknown Websites – Once you send cryptocurrency, it’s nearly impossible to recover.
• Consult Experts – Speak with financial advisors or scam investigation services before making any major investment decisions.

Reporting the Hierex Scam

If you or someone you know has fallen victim to Hierex, immediate action is crucial.

• Report the scam to your local financial authorities and online fraud complaint centers.
• Seek professional help from organizations like RadleyFinance.com, which specialize in helping scam victims recover their funds.

Conclusion

The Hierex scam is a textbook pig butchering fraud, using social engineering, fake investment platforms, and psychological manipulation to deceive investors. By understanding how these scams work and recognizing red flags early, individuals can protect their assets and avoid financial devastation. Victims should act quickly by reporting their experiences and seeking assistance to maximize their chances of recovering lost funds.