2025-1-4 14:18 |
India is working with tech giants Google and Facebook to combat a surge in pig butchering scams, which often involve cryptocurrencies being used both as a hook to lure victims and a tool to launder the stolen funds. According to… origin »
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In 2024, "pig butchering" scams were the biggest danger to crypto users, costing $3.6 billion, according to Cyvers, a Web3 security company.
2024-12-27 10:16 | |
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Irish authorities have seized over $3.42 million worth of cryptocurrency, believed to be the proceeds of “pig butchering” scams committed by a Chinese syndicate. According to a report from the Irish Independent citing an unnamed source, an investigation led by…
2024-11-15 14:39 | |
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The U.S. Securities and Exchange Commission (SEC) has filed suit against three individuals and five companies for allegedly operating pig butchering scams – a type of confidence-enabled investment scam in which fraudsters befriend victims over text-based social media apps, gain their trust and convince them to invest large amounts of money in fictitious crypto platforms before stealing their funds and disappearing.
2024-9-18 22:30 | |
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One of Cambodia’s wealthiest businessmen has been hit with U.S. sanctions for allegedly playing a role in serious human rights abuses – including human trafficking and torture – tied to a pig butchering scam operation headquartered in the Southeast Asian country.
2024-9-18 19:57 | |
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The Commodity Futures Trading Commission (CFTC) has joined forces with federal and private organizations to combat the surge in crypto scams known as “pig butchering,” according to a Sept.
2024-9-12 02:15 | |
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The crypto market lost $313 million in August through scams and hacks. Pig butchering scams remain the largest and most lucrative for criminals in 2024. According to blockchain security The post August crypto hacks cross $313 mln: Worrying rise in pig butchering scams appeared first on AMBCrypto.
2024-9-2 10:00 | |
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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.
2024-8-30 00:48 | |
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While other types of illicit activity are growing, scams are the biggest issue, Wednesday's report from the analytics firm said.
2024-8-30 15:00 | |
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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.
2024-7-21 19:58 | |
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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.
2024-5-30 03:00 | |
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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.
2024-5-23 12:00 | |
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Officials reported the seizure was tied to an organization responsible for “pig butchering” romance scams.
2023-11-21 20:45 | |
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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.
2023-11-21 18:15 | |
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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.
2023-11-21 12:30 | |
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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.
2023-9-16 16:00 | |
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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.
2023-8-24 19:15 | |
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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.
2023-6-27 21:14 | |
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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.
2023-4-5 12:00 | |
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From “pig butchering” to phishing, there are myriad ways that scammers try to take advantage of crypto users.
2023-1-16 18:01 | |
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A total of 23 entities including wallets, accounts and individuals, were traced in this stealthier version of a common crypto romance scam.
2022-9-29 03:32 | |
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Learn about working at Coinbase: https://www.coinbase.com/careers - Medium
2022-8-19 17:55 | |
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“I never thought it could happen to me because I use tech. I’ve written software,” a victim of the pig slaughtering scam noted.
2022-6-3 07:23 | |
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Cryptocurrencies, including stablecoins, pose significant risks to financial stability, according to the Reserve Bank of India. Reiterating its long-held anti-crypto stance, the RBI highlighted the various risks involved with digital assets in its Dec. 30 Financial Stability Report for 2024.…
Hawala networks and crypto transactions have emerged as part of a complex money laundering plot that the income tax authorities in Jaipur have uncovered.
India could lose over $2 billion in tax revenue from cryptocurrency transactions over the next five years due to its tax policies driving traders to offshore platforms, according to a recent report. The December report from Indian technology think tank…
India’s chief economic advisor wants regulators to foster innovation in the cryptocurrency sector while upholding transparency and accountability. Speaking at the Global Economic Policy Forum 2024, V.
Jetking Infotrain, a 77-year-old Indian IT training company, has become the first publicly listed business in India to adopt Bitcoin as part of its corporate treasury strategy. The company announced the purchase of 12 Bitcoin (BTC), valued at approximately $1.2…
The insights from the trial will be used to create a CBDC roadmap.