"US Arrests Suspects Behind $73M Pig Butchering Laundering Scheme"
"US Arrests Suspects Behind $73M Pig Butchering Laundering Scheme"
The Department of Justice (DoJ) recently charged two suspects for allegedly leading a crime ring that laundered at least $73 million from cryptocurrency investment scams, also known as "pig butchering." In pig butchering scams, criminals approach targets using various messaging apps, dating platforms, or social media platforms to build trust and introduce them to investment schemes that help them drain the victims' cryptocurrency wallets.