Pig Butchering

An Australian court let ASIC shut down 95 fake companies running crypto and romance scams that tricked people into sending money through fake trading platforms. The scams affected thousands worldwide, with over $35 million lost, and most of the companies had no real assets.

A Maryland woman is sharing a story of how she lost millions of dollars in a sophisticated "pig butchering" crypto scam orchestrated by fraudsters from Southeast Asia.

Huione Guarantee, a Cambodia-based platform, has been linked to over $24 billion in fraudulent transactions and is involved in money laundering, scams, and cybercrime. It has facilitated operations like "pig-butchering" scams and serves as a hub for illicit activities, including scam centers and stolen data.

A Ministry of Home Affairs (MHA) report identifies WhatsApp, Telegram, and Instagram as top targets for online scammers, posing significant risks to their millions of daily users.

Binance and Indonesian authorities have successfully shut down a $200K scam operation, showcasing the importance of collaboration in tackling financial fraud in the crypto space.

孙宇晨用头像更换和游戏兑换码的营销手段，成功推动了“孙悟空”虚拟货币暴涨391倍，而这一切都与《黑神话：悟空》大热密切相关。

Sun Yuchen successfully pushed the "Sun Wukong" virtual currency up 391 times by using marketing methods such as changing avatars and redeeming game codes, and all of this was closely related to the popularity of "Black Myth: Wukong".

CAFC warns of rising crypto scams in Canada, notably romance and investment scams, with $309.4 million lost in 2023. Citizens are urged to be vigilant and report fraud. Canada plans to adopt the Crypto-Asset Reporting Framework (CARF) by 2026 to boost transparency.

US arrests two in $73M crypto money laundering scheme. Scammers exploit victims, launder funds through US banks into Tether. Legal pursuit intensifies.

SEA has emerged as a hub for transnational criminal networks, primarily originating from China. These organisations exploit millions of victims globally through sophisticated scams like pig butchering schemes.