U.S. House Committee Plans for Heap of Crypto Hearings in September

The U.S. House Financial Services Committee is poised to launch a series of crypto hearings digging into several aspects of the industry, including decentralized finance (DeFi), the Securities and Exchange Commission's oversight of digital assets businesses and the implications of "pig butchering" scams.

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'Pig Butchering' Scams Remain Dangerous Threat in Crypto Markets, Chainalysis Report Says

While other types of illicit activity are growing, scams are the biggest issue, Wednesday's report from the analytics firm said.

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Tether is used by criminals way more than you think

Reports have repeatedly suggested that Tether worth billions of dollars has been laundered following pig butchering and sextortion scams — and it's a problem getting worse, not better.

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Swipe Right For Scams? Canadian Authorities Warn Of Rising Crypto Frauds On Dating Apps

As summer heats up, so does the activity of crypto scammers on Canadian dating apps and websites. The Canadian Anti-Fraud Centre (CAFC) has reported a troubling rise in romance and investment scams, also known as ‘pig butchering’ targeting individuals on dating platforms, involving sophisticated schemes that leverage cryptocurrencies.

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Coinbase, Kraken, Others Form Coalition to Tackle 'Pig Butchering' Scams

The coalition also includes prominent crypto companies Ripple and Gemini, as well as Meta and Match Group, the parent company of dating apps Tinder and Hinge.

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US Justice Department seizes 9M USDT amid $225M illicit funds frozen by Tether

Officials reported the seizure was tied to an organization responsible for “pig butchering” romance scams.

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Tether Worth $9M Tied to 'Pig Butchering' Scams Is Seized by U.S. DOJ

The U.S. Department of Justice (DOJ) has seized $9 million worth of the USDT stablecoin linked to organizations that exploited victims through "pig butchering" scams.

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Tether freezes USDT: How romance scams played a part

Tether voluntarily froze 225 million USDT tokens.  The funds were linked to a global crime syndicate known for carrying out pig butchering scams. Stablecoin issuer Tether [USDT] worked togeThe post Tether freezes USDT: How romance scams played a part appeared first on AMBCrypto.

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Stolen hearts and wallets: The rapid rise of cryptocurrency romance scams

The following is a guest post from Brendan Cochrane and Katya Gozias. “Pig butchering” scams, where victims are “fattened” up with flattery, often under the guise of romance, before handing over their assets to the scammer, are on the rise, and the government and cryptocurrency exchanges should be doing more to protect people from these […] The post Stolen hearts and wallets: The rapid rise of cryptocurrency romance scams appeared first on CryptoSlate.

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Crypto Scams Push Deeper into the American Heartland

The AARP has issued a warning to elderly Americans to be aware of pig butchering scams.

The post Crypto Scams Push Deeper into the American Heartland appeared first on BeInCrypto.

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“Pig Butchering” Scams Continue to Undermine Trust in Crypto

A common swindle, known the "Pig Butchering" crypto scam, exploits the human foible of wanting easy profilts and fast returns. Scammers often prey on the most vulnerable members of society. The post “Pig Butchering” Scams Continue to Undermine Trust in Crypto appeared first on BeInCrypto.

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DOJ Seizes $112M in Crypto and Other Assets in Pig Butchering Scam Crackdown

The United States Department of Justice seized $112 million in crypto linked to six accounts involved in pig butchering scams. The post DOJ Seizes $112M in Crypto and Other Assets in Pig Butchering Scam Crackdown appeared first on BeInCrypto.

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Navigating the world of crypto: Tips for avoiding scams

From “pig butchering” to phishing, there are myriad ways that scammers try to take advantage of crypto users.

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Delaware DOJ Freezes Wallets, Accounts in 'Pig Butchering' Crypto Scams

A total of 23 entities including wallets, accounts and individuals, were traced in this stealthier version of a common crypto romance scam.

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Security PSA: Sha Zhu Pan (Pig Butchering) Investment Scams

Learn about working at Coinbase: https://www.coinbase.com/careers - Medium

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‘Pig slaughtering’ crypto scams reap millions on Silicon Valley dating apps

“I never thought it could happen to me because I use tech. I’ve written software,” a victim of the pig slaughtering scam noted.

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