Ukraine dismantles €4.3M crypto scam network
Ukrainian police arrested four suspects in investment scam network stealing €4.3M from 135 victims across EU.
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Stories tagged #pig-butchering
Operation Blackout targeted West African scam networks
The Justice Department says the effort led to dozens of arrests and removal of more than 3.7 million fake accounts.
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US charges six in Madagascar NFT dating-scam scheme
Prosecutors say fake dating profiles steered about 800 victims into fraudulent NFT sites and at least about $516,695 in crypto losses.
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Chinese man extradited to US over $36.9 million crypto scam
Zhen Zhao was arraigned in California after extradition from the Netherlands and faces up to 20 years if convicted.
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West African scammers targeted in joint international government-industry operation
Joint Disruption Week against West African scammers yielded 28 arrests, 117 rescues, and 3.7 million account removals.
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FBI’s Operation Blackout Takes Down Overseas Scammers Targeting Americans
FBI Operation Blackout seized about $17 billion from overseas scam compounds and arrested hundreds targeting Americans.
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FBI’s Operation Blackout Dismantles Scammers Operating Overseas Targeting Americans
FBI Operation Blackout seized roughly $17 billion, arrested hundreds, and freed thousands of trafficked workers from overseas crypto-fraud scam compounds.
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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.
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House passes bill to equip local law enforcement with scam-fighting tools
The U.S. House passed the GUARD Act, letting local law enforcement use federal grants to investigate financial scams and trace stolen cryptocurrency.
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Treasury urges banks to file cyber scam reports, noting nearly $13 billion in losses since 2023
FinCEN urged banks to report cyber scams after a study found $12.7 billion stolen from US victims of crypto investment scams since 2023.
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US disrupts Xinbi Guarantee marketplace fueling the cyber scam economy
US Treasury sanctions and DOJ seizures take down Xinbi Guarantee, a Telegram marketplace that processed $24B+ for cyber scams, freezing $52.8M.
What’s the Scam?
Bruce Schneier reports AI-generated fake thank-you replies to his newsletter confirmations from throwaway Gmail accounts; the scam's goal is unclear.