Chainalysis: On-chain data on Southeast Asia’s “Pig Killing Plate”
In 2022, Americans lost over $700 million to crypto and fiat scams.
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In 2022, Americans lost over $700 million to crypto and fiat scams.
A deeper dig was conducted based on an address disclosed in a U.S. District Court for the District of Florida’s decision in a cryptocurrency butcher case.
Charged in an $80 million "pig butchering" scam, four individuals used cold calls to deceive victims into cryptocurrency investments.
The scheme swindled at least 29 investors out of more than $1.3 million, according to the CFTC.
Authorities are taking note of crypto scams and potential ways to deal with them.
According to Europol, the arrest was conducted on January 11, 2023, after German authorities requested an investigation in June of last year.
The FBI reported that losses to pig butchering amounted to $429 million in the U.S. last year
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