A sweeping investigation led by the US Secret Service, with key support from crypto exchange Coinbase, has culminated in the recovery of USD 225 million in tether (USDT) connected to widespread “pig butchering” scams. The operation marks the largest cryptocurrency seizure by US authorities to date tied to online investment fraud, underscoring both the scale…
Billions of dollars stolen in sophisticated online scams known as “pig butchering” are moving through some of America’s most reputable financial institutions, according to a recent ProPublica investigation. Banks like Chase, Bank of America, Citibank, HSBC, and Wells Fargo have become critical waypoints for Asian crime syndicates laundering the proceeds of these elaborate schemes, which…
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