BITPRISMIA
The U.S. SEC has taken its first decisive step against a growing crypto scam trend known as "pig butchering." The post SEC Targets “Pig Butchering” Crypto Scams: Details appeared first on TheCoinrise.com .
Scammers are using shorter, more impactful pig butchering scams to deceive victims in crypto markets.
The Wisconsin Department of Financial Institutions aims to protect investors from crypto and investment fraud with a new scam tracker based on consumer complaints.
The scammers convinced victims to transfer millions of dollars into these U.S. bank accounts, which were then used to launder the illicit funds.