At the beginning of 2025, panic about fraud and human trafficking erupted on Chinese social media. It started when a Chinese actor called Wang Xing was tricked into traveling to Thailand for an ...

On Wednesday, June 18, the U.S. Attorney’s Office announced it had seized $225 million in cryptocurrency connected to pig butchering scams. The seizure involves funds stolen from 400 victims worldwide ...

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Pig butchering scams have emerged as one of the most pervasive threats to cryptocurrency investors, with losses in the billions of dollars across 200,000 identified cases in 2024, according to a ...

Pig butchering, a form of romance fraud in which victims are groomed into sending money to fake crypto investment schemes, has grown into a multibillion-dollar industry, according to blockchain ...

Add Yahoo as a preferred source to see more of our stories on Google. The multibillion-dollar “pig-butchering” scam industry, once treated as a consumer-fraud issue, is now being described as a ...

Pig-butchering scams are getting more sophisticated — and more costly — by the day. One report found criminals have swindled an estimated $75 billion from victims. And just recently, a criminal ...

Bing Han does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their ...