Pig Butchering

Highlights: Federal agents confiscate $61 million in cryptocurrency linked to fraud. Victims were lured to fake investment platforms in the pig butchering scheme. Homeland Security aided in tracing funds across several crypto wallets. Federal prosecutors have announced the seizure of […]

Highlights: Alvin Bragg has noted that unlicensed crypto operations let criminals move billions with little oversight. High-fee crypto ATMs help criminals avoid banks and weaken money laundering enforcement. Pig-butchering scams have exposed the limits in tracing and recovering stolen crypto […]

Highlights: A man lost 20M of funds in a crypto romance scam, which was connected to fake investments in NFTs. Citibank is said to have disregarded fraud indications and processed questionable wire transfers. The lawsuit alleges that the bank has […]

Highlights: DOJ moves to seize $225M in USDT linked to major global crypto fraud. Over 400 victims lost millions in fake crypto schemes, DOJ plans full compensation. FBI reports $9.3B lost to crypto scams last year, mostly from fake investment […]

Highlights: California financial regulator DFPI got 2,668 complaints last year and spotted seven new crypto scams. DFPI shut 26 scam sites, exposing $4.6M in losses and rising pig butchering scams. California DOJ also took down 42 scam sites the previous […]

Highlights: Syndicate used deepfake to scam victims, amassing HK$34M via romance and investment fraud. Scammers employed AI deepfake personas to gain trust and exploit victims financially. Deepfake to scam victims highlights rising technological fraud, with billions lost worldwide in similar […]

Highlights: CFTC partners with federal and private agencies to fight pig butchering scams. The new infographic highlights scam tactics and offers protection tips for consumers. The rise in crypto scams costing billions prompts increased multi-agency fraud prevention efforts. According to […]

Highlights: Cryptocurrency fraud surged 45% in 2023, with losses totaling $5.6 billion. Senior victims lost more than $1.6 billion to crypto scams, while younger individuals faced losses totaling $168 million. FBI warns of rising scams involving crypto ATMs and fraudulent […]

Highlights: Australians have lost $122 million to crypto scams in the last 12 months, with most victims now under 50 years old. The AFP identifies pig butchering and deepfakes as primary tactics used by scammers to deceive victims. The AFP […]

Highlights: The FTC warns of increasing crypto romance scams involving fake investment schemes. Scammers build trust through social media, posing as investment experts to steal money. Victims have lost substantial sums, with the FTC advising immediate disconnection and reporting of […]