News with the tag "pig-butchering"

Blockchain analysts at British forensic firm Elliptic say Cambodia-based marketplace Huione Guarantee has become a center for crypto scammers. Cambodian giant marketplace Huione Guarantee, partially linked to the Cambodian ruling family, has seemingly emerged as a center for merchants providing…

The United States Justice Department has arrested two Chinese nationals behind a $73 million money laundering scheme. According to a May 17 announcement, the accused funneled illicit funds via multiple U.S. financial institutions and later converted them to the stablecoin…

Recent data revealed by TRM Labs shows U.K. residents have been losing £15,000 on average to crypto scams since October 2022, leading to regulatory and public awareness measures. British residents have been losing on average under £15,000 (nearly $20,000) since…

Chainalysis report reveals Myanmar-based romance scammers amassing $100 million in crypto, underscoring the nexus between illicit activities and digital assets. A criminal gang based in Myanmar has netted $100 million worth of crypto from victims over the past two years…