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Category Pig butchering

Crypto ‘Pig-Butchering’ Scam Escalating Into A National Security Risk— Study

Crypto ‘Pig-Butchering’ Scam Escalating Into A National Security Risk— Study

Chain analysts and law enforcement are sounding the alarm about a type of fraud known as “pig-butchering,” in which criminals groom victims online ...
‘Pig-Butchering’ Scams Explode Into a National Security Threat, Chainalysis Warn

‘Pig-Butchering’ Scams Explode Into a National Security Threat, Chainalysis Warn

Pig-Butchering has evolved into a transnational crime model that links human trafficking, money laundering, and crypto fraud, as investigators, reg...
New Strike Force Set to Target Overseas 'Pig Butchering' As U.S. Hits Burma Operation

New Strike Force Set to Target Overseas 'Pig Butchering' As U.S. Hits Burma Operation

U.S. federal agencies are establishing a Scam Center Strike Force to counter the industrial-scale efforts to swindle money via crypto transactions.
U.S. Moves to Seize Record $12B in Bitcoin from Global ‘Pig Butchering’ Scam After Joint Crackdown

U.S. Moves to Seize Record $12B in Bitcoin from Global ‘Pig Butchering’ Scam After Joint Crackdown

A joint crackdown has traced Bitcoin proceeds from pig-butchering fraud to Prince Holding Group networks, seeking 127,000 BTC, while OFAC has sanct...
U.S. Targets Cambodian Pig Butchering, Takes $14B in Bitcoin as Biggest Ever Seizure

U.S. Targets Cambodian Pig Butchering, Takes $14B in Bitcoin as Biggest Ever Seizure

As the Justice Department pursues Prince Group's leader, the Treasury Department sanctioned the company while also severing Huione from the U.S. fi...