Law enforcement seized $200,000 belonging to a Massachusetts victim who wired more than $500,000 into a suspected fake crypto ...

“Pig butchering” schemes are on the rise, which refers to a type of online investment fraud. How this scheme works is a victim is lured into making increasingly large deposits, that are often in ...

Pig butchering has conned billions of dollars from victims worldwide. The New York Post recently reported that the Cambodian-based Huione Group gang has reaped over $4 billion between August 2021 and ...

Pig butchering scams have emerged as one of the most pervasive threats to cryptocurrency investors, with losses in the ...

Onchain security firm Cyvers revealed that pig butchering scams were one of the most pervasive threats to crypto investors, with losses reaching $5.5 billion in 2024. The report also indicated that ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

This type of scam began attracting attention in China around 2019 and is typically carried out by Chinese organized crime groups. At the beginning of 2025, panic about fraud and human trafficking ...

At the beginning of 2025, panic about fraud and human trafficking erupted on Chinese social media. It started when a Chinese actor called Wang Xing was tricked into traveling to Thailand for an ...

On Wednesday, June 18, the U.S. Attorney’s Office announced it had seized $225 million in cryptocurrency connected to pig butchering scams. The seizure involves funds stolen from 400 victims worldwide ...

The multibillion-dollar scam known as “pig-butchering,” once treated as a consumer-fraud issue, has crossed a new threshold and is prompting concerns over national security. In a podcast, Chainalysis ...

Q: I’m trying to protect my parents from scammers – what are some scams targeting older people? A: Older adults are often a prime target for scammers, and it’s not just by chance. They tend to have ...