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Binance off the hook from $8M Tinder ‘pig butchering’ lawsuit
23.5.2023
The plaintiff, a Texan woman, initially blamed Binance for losing $8 million in a pig butchering scam that began on Tinder
US Justice Department Seizes Cryptocurrency Worth $112 Million in ‘Pig Butchering’ Crackdown
5.4.2023
The U.S. Department of Justice (DOJ) says it has seized cryptocurrency worth over $112 million linked to fraudulent investment schemes known as “pig butchering.” According to court documents, the seized crypto accounts were allegedly “used to launder proceeds of various...
Crypto scammers feel the chill: Revenue drops 46% in 2022 — Chainalysis
17.2.2023
Falling crypto prices caused crypto scam revenue to plummet in 2022, though two scam types managed to persist
Crypto scammers abuse 'lax' UK company laws to fool victims: Report
1.2.2023
A report suggests companies are able to register in the U.K. very easily which makes them appear more credible to potential scam victims
FBI Renews Warning About Pig Butchering Crypto Scam Sweeping the Country
28.12.2022
The Federal Bureau of Investigation (FBI) has reiterated its warning about a very popular crypto investment scam called “pig butchering” that is sweeping across the U.S. “Be very careful when you go on social media and dating apps and somebody starts developing a relationship with...
US Seizes Domains Used in ‘Pig Butchering’ Crypto Scam
24.11.2022
U.S. authorities have seized seven domains used in “pig butchering” cryptocurrency schemes. “Once the money is sent to the fake investment app, the scammer vanishes, taking all the money with them, often resulting in significant losses for the victim,” the Department...
US State Issues Order Freezing Crypto at Exchanges in Pig Butchering Scam Crackdown
1.10.2022
The Delaware Department of Justice’s Investor Protection Unit has issued a cease and desist order against 23 entities and individuals involved in a popular cryptocurrency scam known as “pig butchering.” The order also freezes the accounts allegedly holding cryptocurrencies...
Delaware DOJ Freezes Wallets, Accounts in 'Pig Butchering' Crypto Scams
29.9.2022
A total of 23 entities including wallets, accounts and individuals, were traced in this stealthier version of a common crypto romance scam
US Authorities Warn of ‘Pig Butchering’ Crypto Scam Becoming Alarmingly Popular
21.8.2022
U.S. authorities have warned about the rising popularity of a crypto scam known as “pig butchering.” The Federal Bureau of Investigation (FBI) explained: “The fraud is named for the way scammers feed their victims with promises of romance and riches before cutting them off...
'Pig Butchering' Crypto Investment Scams Delivered 'Massive Losses' to Victims
27.7.2022
An emerging and rather complex form of investment scam known as “pig butchering,” wherein flirtatious strangers convince unsuspecting users to invest in crypto trading platforms that eventually seize funds when victims try to cash out, has reportedly robbed victims of millions of dollars worth...