Search

Nalezeno "Pig Butchering": 74

Attorney Says They Are “Receiving 5-6 Emails a Day” From Victims of Pig Butchering Scams

1.1.2024
Source: AdobeStock / James Thew Pig butchering scams, a rapidly growing criminal activity involving online romance, fake crypto investments, and human trafficking, have been plaguing US citizens, resulting in significant financial losses. In a recnet interview, Erin West, Deputy District Attorney...

Over 385 Million USDT on Ethereum Stolen via Pig Butchering in Just Two Years + More News

22.12.2023
Source: AdobeStock / Dang Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. In this edition: Over 385 Million USDT on Ethereum Stolen via Pig Butchering in Just Two Years MoonPay Launches MoonPay Checkout...

DOJ Charges Four Individuals for Laundering Millions in Pig Butchering Scheme

14.12.2023
Four individuals have been charged by the Department of Justice for their alleged roles in a scheme designed to launder millions in proceeds of a cryptocurrency investment scam, according to a recently unsealed indictment. Over $80 million stolen According to a Thursday press release from...

US Seizes Half a Million Dollars in Digital Currency Linked to Chinese Man Involved in Crypto Fraud

13.12.2023
Source: Pexels The United States has seized digital currency valued at approximately half a million dollars from an account registered to a Chinese individual who was implicated in a crypto-investment fraud scheme. The scam, commonly referred to as “pig butchering,” involves...

US DOJ Seizes $9 Million in USDT from Cyber Scam Organization, Tether to Onboard FBI

29.11.2023
Source: AdobeStock / Krakenimages.com The United States Department of Justice (DOJ) has seized nearly $9 million worth of USDT from an organization running pig butchering scams – with Tether’s help. According to the press release, the authorities traced the funds to cryptocurrency...

US Seizes $9 Million in Tether Allegedly Linked to Pig Butchering Crypto Scams

23.11.2023
The U.S. Department of Justice (DOJ) has seized $9 million in tether (USDT) allegedly linked to “pig butchering” crypto scams. The Justice Department explained that U.S. Secret Service agents and analysts tracked the laundering of victims’ crypto deposits through numerous...

DOJ Announces Aeizure of $9 Million of Tether Tied to ‘Pig Butchering’ Scams

21.11.2023
On Tuesday morning, the U.S. Department of Justice announced the seizure of nearly $9 million worth of Tether linked to “pig butchering” scams that exploited over 70 victims. How the fraudsters did it Originating in Southeast Asia, “pig butchering” is a practice conducted by perpetrators who prey...

US DOJ Seizes $9M USDT As Part Of $225M Frozen By Tether In “Pig Butchering” Crypto Scam

21.11.2023
The DOJ continues its crackdown on cryptocurrency crimes by seizing USDT funds related to a “pig butchering” crypto romance scam. Image by blvdone, Adobe Stock. The US Department of Justice (DOJ) announced today that it seized $9 million worth of the stablecoin USDT related to...

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

21.11.2023
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

Tether Freezes $225 Million in USDT After DOJ Investigation, Calling It ‘Largest-Ever Freeze of USDT’

21.11.2023
Tether has announced the “largest-ever freeze of USDT in history.” In collaboration with crypto exchange Okx, Tether froze $225 million in USDT following an investigation by the U.S. Department of Justice (DOJ). The tokens were allegedly linked to an international human trafficking...

Tether Confiscates 225M USDT Involved in Pig Butchering Romance Scam

20.11.2023
Source: AdobeStock After months of investigation, USDT stablecoin maker Tether has announced the confiscation of $225 million of its tokens involved in a pig butchering romance scam. The announcement, conveyed through a press release, detailed Tether’s collaboration with the OKX crypto...

IRS Says US Taxpayers Are the Most Targeted for Pig Butchering Crypto Scams

16.11.2023
The Internal Revenue Service (IRS) has issued a warning about pig butchering cryptocurrency scams. IRS Criminal Investigation special agents stressed that these schemes are popping up across the globe, emphasizing: “U.S. taxpayers are currently the most targeted population for pig butchering...

Report: Namibian Police Arrest 20 Ringleaders of Local Pig Butchering Crypto Scam

18.10.2023
Police in Namibia recently arrested 20 individuals who are accused of running a so called “pig butchering” cryptocurrency scheme which targeted U.S. citizens. According to the police, the more than 80 young Namibians who worked for the scammers were promised a monthly salary of $160....

Nigerian Court Convicts P2P Crypto Trader Accused of Operating a Pig Butchering Scam

13.10.2023
A Nigerian court recently convicted and fined a peer-to-peer (P2P) crypto trader accused of running a pig butchering scam. According to the Economic and Financial Crimes Commission, the crypto trader’s activities were “contrary to and punishable under the Cybercrimes (Prohibition etc.)...

US Authorities Seize Crypto Linked to Pig-Butchering Scam Held at Binance

28.9.2023
U.S. authorities are seeking to recover cryptocurrencies linked to the popular pig-butchering crypto scam. “Law enforcement was able to trace cryptocurrency involved in the fraud and money laundering to two Binance accounts, where it was seized,” the United States Attorney’s...

Phishing victim sends eye-watering $4.5M in USDT to scammer

21.9.2023
On-chain data shows the $4.5 million was first transferred from the Kraken crypto exchange, before eventually arriving at an address purportedly owned by a scammer

Binance Warns of Escalating Pig Butchering Scams – What's Going On?

24.8.2023
The number of 'pig butchering scam' cases reported to Binance has increased by 100.5% from 2022 to date, the exchange said. Binance warned that the number of reported pig butchering scam cases doubled over the past year. Scammers are drawn to whatever is gaining popularity: "Wherever there’s...