US attorney seeks to reclaim $2.3M crypto from ‘pig butchering’ scheme
Authorities started an inquiry into the scheme in the spring of 2023 and disclosed that cryptocurrency had been…
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Pig butchering
21 posts
U.S. Attorney’s Office Files Civil Forfeiture Action to Return $2.3M in Crypto Tied to 37 Scam Victims
The United States Attorney’s Office in Massachusetts filed a civil forfeiture action on Wednesday aimed at returning $2.3…
Tether responsible for 84% of ‘pig butchering’ transaction volume
A new report by John Griffin and graduate student Kevin Mei made waves last week, claiming that pig…
Binance’s Nigerian operations under threat as gov’t summons CEO Richard Teng
The Nigerian government “may impose heavy fines on Binance” but gov’t official Bayo Onanuga insisted he “never said…
DOJ targets cryptocurrency scammers in $80 million ‘pig butchering’ scheme
The Department of Justice (DOJ) announced the indictment of four individuals implicated in a sophisticated operation to launder…
Crypto catfishers ditch fake exchanges for approval phishing scams
According to on-chain analytics firm Chainalysis, romance scammers increasingly use this method to steal their victim’s hard-earned crypto.…
US Seizes $500,000 In Crypto From Asian ‘Pig Butchering’ Scam
The US Secret Service revealed a seizure of around $500,000 in digital currency connected to a Southeast Asian…
Tether Freezes $225 Million in USDT After DOJ Investigation, Calling It ‘Largest-Ever Freeze of USDT’
Tether has announced the “largest-ever freeze of USDT in history.” In collaboration with crypto exchange Okx, Tether froze…
IRS Says US Taxpayers Are the Most Targeted for Pig Butchering Crypto Scams
The Internal Revenue Service (IRS) has issued a warning about pig butchering cryptocurrency scams. IRS Criminal Investigation special…
Decoding Thailand’s $277M ‘Pig Butchering’ Crypto Scam
Discover how Binance’s collaboration with Thai law enforcement led to the exposure of a $277M crypto scam. Continue…