The three entities blacklisted by the regulator include Meta Capitals Limited, Cresttrademining Limited, and Forex Market Trade which the regulator says are engaged in pig-butchering scams.
Scammers use age-old methods like phishing and impersonation to lure victims into investing in the lucrative digital asset sector, promising mouthwatering returns which never materialized, according to authorities.
Over 20 people and entities allegedly running a "pig butchering scam" as claimed by victims had their accounts frozen, a move enforced by the DOJ to curb losses associated with risky investments.
