Pig Butchering
New Strike Force Set to Target Overseas 'Pig Butchering' as U.S. Hits Burma Operation
U.S. federal agencies are establishing a Scam Center Strike Force to counter the industrial-scale efforts to swindle money via crypto transactions.
U.S. Targets Cambodian Pig Butchering, Takes $14B in Bitcoin as Biggest Ever Seizure
As the Justice Department pursues Prince Group's leader, the Treasury Department sanctioned the company while also severing Huione from the U.S. finance.
Elliptic Warns of Industrial-Scale Pig Butchering Scams Laundering Through Crypto
The 2025 Typologies Report outlines laundering tactics, mule account patterns and cross-chain transfers.
DOJ Ties Kansas Bank Collapse to $225 Million 'Pig Butchering' Seizure
Shan Hanes, the former CEO of Heartland Tri-State Bank, wired millions in embezzled funds to scammers who promised crypto riches and was arrested in 2024. Now, a DOJ complaint shows he was the single largest victim in a global "pig butchering" USDT laundering network.
OFAC Sanctions Philippines-Based Tech Company For Facilitating Pig Butchering Schemes
According to OFAC, Funnull Technology Inc. provides computer infrastructure for “hundreds of thousands” of pig butchering websites.
U.S. Sanctions Funnull for Role in Pig Butchering Scam, Huione-Linked Crypto Wallets
The wallets received payments directly from Huione Pay, a subsidiary of Huione Group.
Telegram Cracks Down on Suspected $8B Chinese Crypto Crime Marketplace Set Up in Colorado
Illicit marketplaces are a key part of the growing global cyberscams industry, with Southeast Asia being among the hubs for such activity.
U.S. Treasury Sanctions Burmese Militia Group Said to Run 'Pig Butchering' Compounds
The Karen National Army and its leaders were sanctioned on accusations they perpetuated crimes against U.S. citizens that featured crypto thefts.
Cambodian Huione Group Received $98B in Crypto Leading to U.S. Crackdown: Elliptic
The group rolled out its own stablecoin in January to avoid traditional currency restrictions.
Money Launderer Who Moved Scam Victims' Funds Faces Up to Two Decades in U.S. Prison
Daren Li oversaw the transfer of more than $73 million from crypto scam victims to wallets he and his co-conspirators controlled.
