2024-10-3 10:02 |
A US citizen has filed a lawsuit over losing $2.1 million in Bitcoin tokens due to what he believes to be a pig butchering scam orchestrated by a crime syndicate in Southeast Asia. According to a release on Oct. 3,… origin »
|
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 | |
|
|
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 | |
|
|
U.S. attorneys are attempting to seize $2.5 million in cryptocurrency from an international “pig butchering” scam targeting American victims. The U.S. Attorney’s Office for the District of Columbia has initiated a civil forfeiture action to recover 2,546,415.01 USDT seized by…
2024-7-18 16:58 | |
|
|
DOJ arrests two for leading a $73 million international pig butchering crypto scam, revealing the scale of global crypto fraud. The post Chinese Nationals Nabbed in $73 Million Pig Butchering Crypto Fraud appeared first on BeInCrypto.
2024-5-18 05:10 | |
|
|
Shreya Datta, a tech professional from Philadelphia, was defrauded of nearly $450,000 through a cryptocurrency romance scam known as “pig butchering.” A new scam involving fraudsters who feign romantic interest to trick victims into investing in cryptocurrencies is gaining in…
2024-2-27 14:44 | |
|
|
The Justice Department said the funds were stolen from over 70 victims who fell prey to a relationship scam, adding that USDT issuer Tether aided the seizure.
2023-11-22 22:22 | |
|
|
The US Department of Justice (DOJ) has allegedly seized $9 million in the stablecoin Tether (USDT). The funds were linked to a crypto romance and confidence scam called “pig butchering. ” On Monday Tether announced it had frozen $255 million linked to a human trafficking scheme.
2023-11-21 19:16 | |
|
|
The funds seized by Tether were linked to a “pig butchering” scam that cost U.S. citizens $3.3 billion in 2022, according to the FBI.
2023-11-20 18:16 | |
|
|
The stablecoin issuer reported the illicit funds had been used by a Southeast Asia-based crime syndicate responsible for a “pig butchering” romance scam.
2023-11-20 18:02 | |
|
|
The largest-ever USDT freeze was announced by the stablecoin issuer - Tether The freeze was connected to an international crime syndicate involved in pig butchering scam Crypto exchange - OKThe post Tether and OKX announce the largest-ever USDT freeze appeared first on AMBCrypto.
2023-11-21 18:01 | |
|
|
Binance helped Thai police arrest scammers behind a $277M "pig butchering" crypto scam that targeted thousands in Thailand.
2023-10-4 02:39 | |
|
|
A Massachusetts man lost over $300,000 in a manipulative "pig butchering" crypto scam. The victim thought he had begun a romantic relationship online. The post Boston Resident Loses $300,000 in Crypto Scam appeared first on BeInCrypto.
2023-7-1 19:30 | |
|
|
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 | |
|
|
A United States District Judge, Amos Mazzant, has ruled that Binance, the world’s largest cryptocurrency exchange by client count, is not liable for the loss incurred by a Texan woman named Divya Gadasalli who lost $8 million in a pig butchering scheme.
2023-5-23 12:30 | |
|
|
The plaintiff, a Texan woman, initially blamed Binance for losing $8 million in a pig butchering scam that began on Tinder.
2023-5-23 06:49 | |
|
|
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 | |
|
|
European authorities detained 15 suspected crypto scam individuals and shuttered a large-scale operation of call center networks that allegedly stole hundreds of millions of euros from victims by selling counterfeit digital currencies.
2023-1-15 09:11 | |
|
|
The Investor Protection Unit of the Delaware Department of Justice has issued a summary order against 23 crypto projects and individuals. The cease-and-desist order was issued to establishments involved in a cryptocurrency scam known as the “pig butchering scam.” The…
2022-9-29 19:55 | |
|
|
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 | |
|
|
There’s a new type of Bitcoin scam and it sounds so bizarre: it’s called “pig butchering” and you definitely don’t want to be on the chopping board. As the fraud’s name suggests, “pig butchering” refers to how a target is “fattened up” before being “slaughtered.
2022-8-22 16:24 | |
|
|
“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 | |
|
|
At least half a dozen Trump cabinet members hold Bitcoin investments with a combined total worth reaching millions, according to the latest financial disclosures. At least six out of the 22 members of President Donald Trump’s cabinet members hold Bitcoin…
A bill tightening oversight on cryptocurrency ATMs to curb fraud has been signed into law in Nebraska. According to a March 12 press release from Nebraska Governor Jim Pillen, the new law, called the Controllable Electronic Record Fraud Prevention Act,…
Newmarket Capital CEO Andrew Hohns suggests incorporating Bitcoin into government bonds as a way to reduce national debt and purchase Bitcoin for the U.S. strategic reserve. At the Bitcoin (BTC) Policy Institute’s Bitcoin for America on March 11, Hohns proposes…
KAS jumped nearly 28% in the past day as it tried to break out of the downtrend it’s been stuck in since last December. Kaspa (KAS) rose to an intraday high of $0.074, bringing its market cap close to $2…
The United States Securities and Exchange Commission has officially acknowledged Nasdaq’s proposal to list and trade shares of the Grayscale Hedera Trust. According to a March 11 notice, the SEC has acknowledged Nasdaq’s 19b-4 filing for a commodity-based trust holding…
ARKM rallied as high as 55% after securing a listing on the South Korean crypto exchange Upbit but lost most of its gains within hours. In a March 11 X post, Upbit Korea announced that it had added the altcoin…
Lawmakers in the United States have voted to scrap the Internal Revenue Service’s controversial rule that would have forced decentralized finance platforms to report user transactions. The motion against the IRS DeFi broker rule saw bipartisan support, with the U.S.…