The victim of a $20 million crypto scam who sued Citibank last week for allegedly ignoring “red flags” has filed a similar complaint against two more banks.
Pig Butchering News
- News3973
- News
The victim of a $20 million crypto pig butchering scam has sued Citibank, alleging it ignored “red flags” and should have investigated suspicious activity.
6126 - Explained
In the crypto world, social engineering scams trick users into giving up sensitive information or access. Learn the best ways to stay protected.
- News
Crime syndicates are minting stablecoins and building exchanges to launder billions of dollars, warns a UN report.
5235 - News
The Australian securities regulator’s application to close 95 “hydra” firms believed to be running crypto trading and romance scams has been approved by the Federal Court of Australia.
4387 - Video
The latest Coinpectra video explores one of the most dangerous crypto scams, “pig butchering,” by sharing some of the victims’ real stories.
2235 - News
Multiple US federal agencies have come together to distribute an infographic on crypto pig butchering to help Americans recognize and avoid the scam.
2384 - News
The lifespan of scams is getting shorter as cybercriminals change tactics and target individuals on social media.
6287 - News
The Australian Federal Police revealed that scammers are using deepfakes and pig butchering as their primary methods to defraud victims.
5753 - News
The most recent seizure of $5 million USDT from pig-butchering scams marks a “significant victory” in the ongoing fight against cyber fraud, according to Tether.
7145 - News
Centralized exchanges led by Coinbase, along with Meta, Match, and Ripple Labs, have formed an educational group to prevent pig butchering scams.
3129 - News
Authorities started an inquiry into the scheme in the spring of 2023 and disclosed that cryptocurrency had been confiscated from funds connected to 37 victims.
13319 - News
Fraudsters perpetrating “pig butchering” scams are turning to malicious decentralized finance applications to steal from unsuspecting victims.
9760 - News
Officials reported the seizure was tied to an organization responsible for “pig butchering” romance scams.
14249 - News
The stablecoin issuer reported the illicit funds had been used by a Southeast Asia-based crime syndicate responsible for a “pig butchering” romance scam.
12280