The story
Calque from Mandarin 殺豬盤/杀猪盘 (shāzhūpán, “pig-butchering plate”).
Etymology from Wiktionary, CC BY-SA 4.0.
Today it means: A scam technique in which victims are tricked into investing large amounts of money into a fictitious brokerage (usually a cryptocurrency wallet), which actually sends their funds directly to the scammers. Full definition →
Calque from Mandarin 殺豬盤/杀猪盘 (shāzhūpán, “pig-butchering plate”).
Etymology from Wiktionary, CC BY-SA 4.0.