Pig butchering, a form of romance fraud in which victims are groomed into sending money to fake crypto investment schemes, has grown into a multibillion-dollar industry, according to blockchain ...

As the crypto scam commonly known as “pig butchering” has exploded into a full-blown criminal industry that steals tens of billions of dollars a year, an entire ecosystem has formed around it. That ...

On Wednesday, June 18, the U.S. Attorney’s Office announced it had seized $225 million in cryptocurrency connected to pig butchering scams. The seizure involves funds stolen from 400 victims worldwide ...

Pig butchering has conned billions of dollars from victims worldwide. The New York Post recently reported that the Cambodian-based Huione Group gang has reaped over $4 billion between August 2021 and ...

Pig Butchering Crypto Scams are scams which resemble the practice of fattening a hog before slaughter. “Victims invest in supposedly legitimate virtual currency investment opportunities before they ...

The U.S. Department of Justice announced its largest-ever forfeiture action, valued at approximately $15 billion in Bitcoin (BTC), tied to a Cambodian-based forced-labor scam network run by Chen Zhi, ...

It took two months of near daily conversations, of first cultivating trust and then love, before he walked into her trap. Two months of phone calls, text messages and video chats. Two months of ...

There is no silver lining for a victim who suffers a financial fraud attack, but federal tax law may provide a degree of relief. Financial fraud is a serious concern for all businesses and individuals ...

More than 200,000 people in Southeast Asia have been forced to run online scams in recent years, often being enslaved and brutalized, as part of criminal enterprises that have netted billions in ...