Vietnamese man charged in $16 million 'pig butchering' crypto scam
Vietnamese national Trung Nguyen Van was charged with laundering $16 million from a pig-butchering crypto scam.
U.S. prosecutors charged Vietnamese national Trung Nguyen Van, 37, with money laundering tied to a pig-butchering cryptocurrency scam. One victim transferred about $16 million between June and August 2024 to a wallet traceable to Van while believing they were investing through a platform called Triangle. The Justice Department says his wallets received about $53.3 million from February 2018 through December 2024, including at least $24 million linked to known pig-butchering schemes, as part of a broader wire-fraud scheme exceeding $125 million. Van was arrested at Los Angeles International Airport on September 24 after entering through San Ysidro, before boarding a flight to Taiwan.
- Trung Nguyen Van, 37, charged with money laundering in a pig-butchering scheme.
- One victim sent about $16 million in crypto between June and August 2024.
- His wallets received about $53.3 million from U.S. wire-fraud schemes since 2018.
- He was arrested at LAX on September 24 before a flight to Taiwan.
- Threat actors
- Trung Nguyen Van
- Countries
- VietnamUnited States
From the original article
2 min read at bleepingcomputer.com
A Vietnamese national was charged with money laundering for his role in a massive "pig butchering" scam, which defrauded a victim out of $16 million worth of cryptocurrency. [...]
By Sergiu Gatlan · bleepingcomputer.com
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