Chinese tycoon tied to $11B ‘pig butchering’ bitcoin scam taken into custody

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A Chinese-born tycoon who is wanted in the US for allegedly stealing at least $11 billion worth of bitcoin as part of a “pig butchering” scam targeting Americans and others has been taken into custody in Asia, according to local authorities. Chen Zhi, chairman of Cambodia-based multinational conglomerate Prince Group, was arrested by law enforcement […]


Crypto scams thrive in 2024 on back of ‘pig butchering’ and AI: Report

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Chainalysis said that crypto wallets linked to scams received $9.9 billion in cryptocurrency in 2024, according to its initial estimates Boonchai Wedmakawand | Moment | Getty Images Crypto fraud revenue is estimated to have hit record levels last year amid a surge in so-called romance scams as cybercriminals leverage artificial intelligence and become more organized, […]