Tether responsible for 84% of ‘pig butchering’ transaction volume
A new report by John Griffin and graduate student Kevin Mei made waves last week, claiming that pig butchering has stolen over $75.3 billion from its victims as of February 2024.
Latest pig butchering News
Binance’s Nigerian operations under threat as gov’t summons CEO Richard Teng
The Nigerian government "may impose heavy fines on Binance" but gov't official Bayo Onanuga insisted he "never said Binance had been informed about the fines or that it would definitely be $10 billion."
$11.5B lost to pyramid schemes, hacks and exploits in 2022: report
TRM Labs reports that a further $1.5 billion worth of digital assets was used in darknet markets, as TRON held a 92% share in ‘crypto’ terrorist financing.
California man charged in landmark CFTC pig-butchering scam enforcement
The regulator alleges that the man led a California operation that used online romance to swindle over $1.3 million from investors under the guise of ‘crypto’ trading.
DOJ nets $112M from fraudsters dabbling in pig butchering scam
Amid turbulence in the digital assets market, fraudulent activities like pig butchering scams continue to proliferate, with the U.S. DOJ recently announcing a million-dollar seizure from sham investments.