#pig-butchering

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Cryptocurrency
fromFortune
20 hours ago

Judge hits Chinese crypto scammer who helped swindle $37 million from U.S. victims with 46 month sentence | Fortune

Jingliang Su laundered about $37 million from 174 U.S. victims through crypto-enabled scams and pleaded guilty to conspiracy to operate an illegal money transmitting business.
fromWIRED
2 days ago

He Leaked the Secrets of a Southeast Asian Scam Compound. Then He Had to Get Out Alive

He was writing from hell, 8,000 miles away. A summer shower had left a rainbow over my Brooklyn neighborhood, and my two children were playing in a kiddie pool on the roof of our apartment building. Now the sun was setting, while I-in typical 21st-century parenting fashion, forgive me-compulsively scrolled through every app on my phone. The message had no subject line and came from an address on the encrypted email service Proton Mail: "vaultwhistle@proton.me." I opened it.
Information security
Law
fromBoston.com
2 weeks ago

Mass. resident targeted in crypto scheme on Tinder, lost over $500K, feds say

Federal authorities filed a civil forfeiture action to recover about 200,000 Tether (approximately $200,000) from a pig-butchering cryptocurrency investment fraud.
Information security
fromThe Hacker News
2 weeks ago

Researchers Uncover Service Providers Fueling Industrial-Scale Pig Butchering Fraud

Service providers sell turnkey pig-butchering (PBaaS) packages that enable industrial-scale romance scams, facilitate money laundering, and lower barriers to organized fraud networks.
Information security
fromCointelegraph
4 weeks ago

How an AI-Fueled Romance Scam Drained a Bitcoin Retirement Fund

AI-driven deepfake romance scams can emotionally manipulate victims into voluntarily sending irreversible cryptocurrency transfers, causing total loss of retirement funds.
#romance-scam
fromwww.pressdemocrat.com
1 month ago

How a Bay Area man lost $500,000 in savings to an elaborate scam on the rise

Even now, face to face with his decimated savings, it's hard to reconcile the five-month relationship he had with a Finnish woman in Florida with the elaborate scam it now clearly was. It felt different than a typical con too personal, too involved, too reciprocal. But really, what's known as pig butchering schemes where scammers build relationships and trust with victims before tricking them into sham cryptocurrency investments have become particularly pervasive, with some operations tied to mass scam centers based abroad.
California
fromWIRED
1 month ago

Chinese Crypto Scammers on Telegram Are Fueling the Biggest Darknet Markets Ever

When black markets for drugs, guns, and all manner of contraband first sprang up on the dark web more than a decade ago, it seemed that cryptocurrency and the technical sophistication of the anonymity software Tor were the keys to carrying out billions of dollars worth of untouchable, illicit transactions online. Now, all of that looks a bit passé. In 2025, all it takes to get away with tens of billions of dollars in black-market crypto deals is a messaging platform willing to host scammers and human traffickers, enough persistence to relaunch channels and accounts on that service when they're occasionally banned, and fluency in Chinese.
Information security
US news
fromZDNET
2 months ago

Beware the 'Hi, how are you?' text. It's a scam - here's how it works

Online investment scams in the US cost victims $3.5 billion in H1 2025, with a median loss of $10,000 and rising cryptocurrency payouts.
World news
fromwww.aljazeera.com
3 months ago

South Koreans freed from Cambodian scam centres return home under arrest

South Korea banned travel to parts of Cambodia after 64 nationals were repatriated and arrested over involvement in large-scale online pig-butchering cryptocurrency scams.
Careers
fromBusiness Insider
5 months ago

She was living her life on Instagram. Then scammers turned her into a fake crypto queen.

The pig-butchering scam has resulted in extensive financial losses globally, involving manipulation and deception through online relationships.
Cryptocurrency
fromDatabreaches
8 months ago

U.S. Sanctions Cloud Provider 'Funnull' as Top Source of 'Pig Butchering' Scams

The U.S. sanctioned Funnull Technology for facilitating virtual currency investment scams causing significant financial losses.
Funnull's operations contribute to the rise of cyber scams targeting Americans.
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