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šØĀ Major Crypto Crime Bust Alert!Ā š„
Federal agents have just dismantled aĀ $13 million money laundering operationĀ linked to notoriousĀ pig butchering scamsĀ š·šø. The suspects, identified asĀ Chinese nationals, allegedly operatedĀ fake trading firmsĀ to clean stolen funds, leaving a trail of devastation in their wake. š±
One particularly heartbreaking story involves aĀ 72-year-old manĀ who lost a staggeringĀ $325,000Ā to a fraudulent crypto platform namedĀ āEnkuu.āĀ š Law enforcement uncovered overĀ 300 wire transfersĀ tied to this elaborate scheme, highlighting the sheer scale of the operation. š
TheĀ FBIĀ is now leading the charge, and these scammers could face up toĀ five years in prisonĀ if convicted. šāļø But with crypto scams becoming more sophisticated by the day, one has to wonder:Ā Are regulators struggling to keep up?Ā š¤
As the crypto world continues to evolve at lightning speed ā”, itās clear thatĀ education, vigilance, and stronger regulationsĀ are needed to protect investors. Stay safe out there, and alwaysĀ DYOR (Do Your Own Research)Ā before diving into any crypto opportunity! š”ļøš”
#CryptoCrime #PigButcheringScam #CryptoScams #FBI #MoneyLaundering šš
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Federal agents have just dismantled aĀ $13 million money laundering operationĀ linked to notoriousĀ pig butchering scamsĀ š·šø. The suspects, identified asĀ Chinese nationals, allegedly operatedĀ fake trading firmsĀ to clean stolen funds, leaving a trail of devastation in their wake. š±
One particularly heartbreaking story involves aĀ 72-year-old manĀ who lost a staggeringĀ $325,000Ā to a fraudulent crypto platform namedĀ āEnkuu.āĀ š Law enforcement uncovered overĀ 300 wire transfersĀ tied to this elaborate scheme, highlighting the sheer scale of the operation. š
TheĀ FBIĀ is now leading the charge, and these scammers could face up toĀ five years in prisonĀ if convicted. šāļø But with crypto scams becoming more sophisticated by the day, one has to wonder:Ā Are regulators struggling to keep up?Ā š¤
As the crypto world continues to evolve at lightning speed ā”, itās clear thatĀ education, vigilance, and stronger regulationsĀ are needed to protect investors. Stay safe out there, and alwaysĀ DYOR (Do Your Own Research)Ā before diving into any crypto opportunity! š”ļøš”
#CryptoCrime #PigButcheringScam #CryptoScams #FBI #MoneyLaundering šš
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$XRP
Crypto Crackdown: US Sanctions Philippines Firm in $11B Scam Network.
In a decisive move against the burgeoning crypto fraud landscape, the U.S. Treasury has sanctioned Funnull Technology Inc., a Philippines-based company allegedly at the heart of a vast "pig butchering" scam network. These scams, characterized by their deceptive investment schemes, have reportedly defrauded victims worldwide of billions.
Funnull is accused of bulk-purchasing internet protocol addresses and reselling them to cybercriminals who operated fraudulent cryptocurrency websites. These platforms lured unsuspecting investors with promises of high returns, only to vanish with their funds. The U.S. Treasury's action also targets Liu Lizhi, a Chinese national and alleged administrator of Funnull, for his role in facilitating these operations.
The scale of these scams is staggering. Cybersecurity firms like Silent Push and blockchain analytics company Chainalysis have linked Funnull to numerous scam, gambling, and money laundering websites. The rise of generative algorithms has further enhanced scammersā ability to target victims, contributing to record-high revenues from such activities.
This crackdown underscores the growing collaboration between international authorities to combat crypto-related crimes. The Philippines Securities and Exchange Commission has previously partnered with its U.S. counterpart and the Asian Development Bank to strengthen enforcement against such frauds.
As the digital asset landscape evolves, so does the sophistication of fraudulent schemes. This latest sanction serves as a stark reminder of the risks lurking in the crypto world and the imperative for robust international cooperation to safeguard investors.
#CryptoCrackdown #PigButcheringScam #FunnullSanctions #CryptoFraudAlert #GlobalCryptoCrime
In a decisive move against the burgeoning crypto fraud landscape, the U.S. Treasury has sanctioned Funnull Technology Inc., a Philippines-based company allegedly at the heart of a vast "pig butchering" scam network. These scams, characterized by their deceptive investment schemes, have reportedly defrauded victims worldwide of billions.
Funnull is accused of bulk-purchasing internet protocol addresses and reselling them to cybercriminals who operated fraudulent cryptocurrency websites. These platforms lured unsuspecting investors with promises of high returns, only to vanish with their funds. The U.S. Treasury's action also targets Liu Lizhi, a Chinese national and alleged administrator of Funnull, for his role in facilitating these operations.
The scale of these scams is staggering. Cybersecurity firms like Silent Push and blockchain analytics company Chainalysis have linked Funnull to numerous scam, gambling, and money laundering websites. The rise of generative algorithms has further enhanced scammersā ability to target victims, contributing to record-high revenues from such activities.
This crackdown underscores the growing collaboration between international authorities to combat crypto-related crimes. The Philippines Securities and Exchange Commission has previously partnered with its U.S. counterpart and the Asian Development Bank to strengthen enforcement against such frauds.
As the digital asset landscape evolves, so does the sophistication of fraudulent schemes. This latest sanction serves as a stark reminder of the risks lurking in the crypto world and the imperative for robust international cooperation to safeguard investors.
#CryptoCrackdown #PigButcheringScam #FunnullSanctions #CryptoFraudAlert #GlobalCryptoCrime
š§¾DOJ Seizes $15B in Bitcoin, Sanctions Major Cambodian Conglomerate Over Forced-Labor 'Pig Butchering' Crypto Fraud.
š°The U.S. DOJ indicted Prince Group Chairman Chen Zhi and announced a record $15 billion Bitcoin forfeiture linked to a massive "pig butchering" crypto scam network. The Treasury Department designated Prince Group a Transnational Criminal Organization (TCO) for running compounds where victims of human trafficking were forced to execute global cryptocurrency investment fraud schemes. This historic crypto seizure and sweeping sanctions signal aggressive global action against TCOs exploiting digital assets, underscoring severe regulatory and security risks in the unregulated investment sector.
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#CryptoRegulation
#PigButcheringScam #Sanctions #DOJ
š°The U.S. DOJ indicted Prince Group Chairman Chen Zhi and announced a record $15 billion Bitcoin forfeiture linked to a massive "pig butchering" crypto scam network. The Treasury Department designated Prince Group a Transnational Criminal Organization (TCO) for running compounds where victims of human trafficking were forced to execute global cryptocurrency investment fraud schemes. This historic crypto seizure and sweeping sanctions signal aggressive global action against TCOs exploiting digital assets, underscoring severe regulatory and security risks in the unregulated investment sector.
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#CryptoRegulation
#PigButcheringScam #Sanctions #DOJ
šØBeware of the āPig Butcheringā Crypto Scam ā How to Stay SafešØ
The rise of cryptocurrency has brought incredible opportunities, but also dangerous scams. One of the most devastating frauds in the crypto space today is the "Pig Butchering" scamāa sophisticated financial deception that has stolen billions from unsuspecting investors.
Binance and other exchanges have reported a 100% rise in such scams, warning users to stay vigilant. In this article, we'll explain how the scam works, real-life cases, and how you can protect yourself from becoming a victim.
---
š“ What is the "Pig Butchering" Scam?
The term "Pig Butchering" comes from the way scammers "fatten up" their victims before taking all their money. Fraudsters build trust over time, convincing victims to invest in a fake crypto opportunity. Once the victim deposits a large sum, the scammer disappears, blocking all access to the funds.
This scam is highly organized, often operated by criminal syndicates that use fake identities, psychological manipulation, and sophisticated trading platforms to deceive people.
---
ā ļø How the Scam Works ā Step by Step
1ļøā£ Fake Contact & Relationship Building:
Scammers reach out through social media, dating apps, WhatsApp, or SMS, pretending to be friendly investors, financial experts, or even romantic interests.
They chat daily, making you believe they are trustworthy and care about your financial success.
2ļøā£ Fake Investment Opportunities:
The scammer boasts about their success in crypto trading.
They claim to have insider knowledge or a "special platform" that guarantees huge returns.
They slowly convince you to start with a small investment, which they falsely show as growing rapidly.
3ļøā£ The Trap ā Big Investment & Fake Profits:
Seeing the initial "profits," you are encouraged to invest more money.
The fake trading platform shows huge gains, making you believe it's a real investment.
4ļøā£ The Exit ā Loss of Funds & Vanishing Scammers:
When you try to withdraw your funds, you face excuses:
"Your account needs verification."
"You must pay taxes first."
"Technical issuesātry again later."
In reality, your money is gone, and the scammer disappears!
---
š Real-Life Cases of Pig Butchering Scams
š Case 1: $500,000 Lost in a Romance Scam
A U.S. investor met a woman on a dating app who convinced him to invest in crypto.
After months of communication and trust-building, he deposited over $500,000 into a fake trading site.
When he tried to withdraw, the site blocked his accountāthe scammer vanished!
š Case 2: Binance Reports a 100% Rise in These Scams
Binance has warned users that scammers are impersonating Binance representatives to gain trust.
Victims receive texts that appear in their official Binance SMS thread, making them believe it's real.
The fake messages ask for investments, personal information, or login detailsāleading to stolen funds.
---
š”ļø How to Protect Yourself from the Scam
š Follow these security tips to stay safe:
ā Use ONLY official Binance channels.
Never trust investment offers from WhatsApp, Telegram, or unknown contacts.
Always verify URLs and email senders before logging in.
ā Never trust "too good to be true" profits.
If someone guarantees "risk-free" high returns, it's a scam.
Legitimate crypto trading has risksānobody can guarantee constant profits.
ā Verify people before investing.
Ask for proof if someone claims to be a financial expert.
Double-check their backgroundāfraudsters often steal identities to appear credible.
ā Avoid unknown investment platforms.
If someone asks you to deposit money into a "new" crypto exchange, research it first.
Check if it is officially licensed and has real user reviews.
ā Report suspicious activities.
If you suspect a scam, report it immediately to Binance and local authorities.
---
š¢ What Binance is Doing to Fight These Scams
Binance is actively collaborating with global law enforcement agencies to track down scammers and recover stolen funds.
š¹ Binance blocked thousands of fraudulent accounts linked to pig butchering scams.
š¹ The platform warns users about suspicious activities and has enhanced fraud detection systems.
š¹ Binance also educates users on security best practices to prevent future scams.
If you receive suspicious messages claiming to be from Binance, report them immediately via the official Binance Support Center.
---
š Stay Safe & Invest Wisely!
The crypto world is full of opportunities, but it also has risks. Always verify before investing and never trust unsolicited investment offers.
ā ļø Remember: If it sounds too good to be true, it probably is!
š¹ Protect your funds.
š¹ Stay informed.
š¹ Report scams.
š Trade smart, trade safeāonly on official Binance platforms!
#CryptoScamAlert #BinanceSecurity #PigButcheringScam
Binance and other exchanges have reported a 100% rise in such scams, warning users to stay vigilant. In this article, we'll explain how the scam works, real-life cases, and how you can protect yourself from becoming a victim.
---
š“ What is the "Pig Butchering" Scam?
The term "Pig Butchering" comes from the way scammers "fatten up" their victims before taking all their money. Fraudsters build trust over time, convincing victims to invest in a fake crypto opportunity. Once the victim deposits a large sum, the scammer disappears, blocking all access to the funds.
This scam is highly organized, often operated by criminal syndicates that use fake identities, psychological manipulation, and sophisticated trading platforms to deceive people.
---
ā ļø How the Scam Works ā Step by Step
1ļøā£ Fake Contact & Relationship Building:
Scammers reach out through social media, dating apps, WhatsApp, or SMS, pretending to be friendly investors, financial experts, or even romantic interests.
They chat daily, making you believe they are trustworthy and care about your financial success.
2ļøā£ Fake Investment Opportunities:
The scammer boasts about their success in crypto trading.
They claim to have insider knowledge or a "special platform" that guarantees huge returns.
They slowly convince you to start with a small investment, which they falsely show as growing rapidly.
3ļøā£ The Trap ā Big Investment & Fake Profits:
Seeing the initial "profits," you are encouraged to invest more money.
The fake trading platform shows huge gains, making you believe it's a real investment.
4ļøā£ The Exit ā Loss of Funds & Vanishing Scammers:
When you try to withdraw your funds, you face excuses:
"Your account needs verification."
"You must pay taxes first."
"Technical issuesātry again later."
In reality, your money is gone, and the scammer disappears!
---
š Real-Life Cases of Pig Butchering Scams
š Case 1: $500,000 Lost in a Romance Scam
A U.S. investor met a woman on a dating app who convinced him to invest in crypto.
After months of communication and trust-building, he deposited over $500,000 into a fake trading site.
When he tried to withdraw, the site blocked his accountāthe scammer vanished!
š Case 2: Binance Reports a 100% Rise in These Scams
Binance has warned users that scammers are impersonating Binance representatives to gain trust.
Victims receive texts that appear in their official Binance SMS thread, making them believe it's real.
The fake messages ask for investments, personal information, or login detailsāleading to stolen funds.
---
š”ļø How to Protect Yourself from the Scam
š Follow these security tips to stay safe:
ā Use ONLY official Binance channels.
Never trust investment offers from WhatsApp, Telegram, or unknown contacts.
Always verify URLs and email senders before logging in.
ā Never trust "too good to be true" profits.
If someone guarantees "risk-free" high returns, it's a scam.
Legitimate crypto trading has risksānobody can guarantee constant profits.
ā Verify people before investing.
Ask for proof if someone claims to be a financial expert.
Double-check their backgroundāfraudsters often steal identities to appear credible.
ā Avoid unknown investment platforms.
If someone asks you to deposit money into a "new" crypto exchange, research it first.
Check if it is officially licensed and has real user reviews.
ā Report suspicious activities.
If you suspect a scam, report it immediately to Binance and local authorities.
---
š¢ What Binance is Doing to Fight These Scams
Binance is actively collaborating with global law enforcement agencies to track down scammers and recover stolen funds.
š¹ Binance blocked thousands of fraudulent accounts linked to pig butchering scams.
š¹ The platform warns users about suspicious activities and has enhanced fraud detection systems.
š¹ Binance also educates users on security best practices to prevent future scams.
If you receive suspicious messages claiming to be from Binance, report them immediately via the official Binance Support Center.
---
š Stay Safe & Invest Wisely!
The crypto world is full of opportunities, but it also has risks. Always verify before investing and never trust unsolicited investment offers.
ā ļø Remember: If it sounds too good to be true, it probably is!
š¹ Protect your funds.
š¹ Stay informed.
š¹ Report scams.
š Trade smart, trade safeāonly on official Binance platforms!
#CryptoScamAlert #BinanceSecurity #PigButcheringScam
šØ SHOCKWAVE ALERT: $15 BILLION IN BITCOIN SEIZED! šøšØ
The US Department of Justice has delivered a historic blow to transnational cybercrime, seizing approximately 127,000 BTC ($15 BILLION) linked to the notorious "Pig-Butchering" scam network run by Cambodian conglomerate chairman, Chen Zhi of the Prince Group!
THIS IS THE BIGGEST CRYPTO FORFEITURE IN US HISTORY! š¤Æ
What You Need to Know:
Human Cost: The Prince Group allegedly operated forced-labor "fraud parks" in Cambodia, luring victims with "high-paying jobs," then forcing them to execute sophisticated online scams to steal billions. This is a story of human trafficking and financial devastation. š
Crypto's Dual Edge: The scammers used Bitcoin's cross-border liquidity to process an alleged $30 Million USD/day in illicit profits. The funds were "sprayed" across thousands of mule wallets, but on-chain analysis and a key vulnerability led investigators right back to the core. šµļøāāļø
The Breakthrough: Investigators reportedly cracked the case by a combination of on-chain "digital fingerprint" tracking (including assets traced back to a 2020 mining pool theft) AND a "phishing-style" instigation that successfully flipped a key custodian of the cold wallet's mnemonic. Human nature was the Achilles' heel, not the algorithm!
Global Clampdown: The US has charged Chen Zhi with wire fraud and money laundering conspiracy, while simultaneously imposing sanctions on the Prince Group and its entities, including a Singapore-based family office under investigation by MAS. The UK also froze Ā£130M in Chen's London properties. š
This is a massive win for law enforcement and a clear warning: You can't hide illicit funds on the blockchain forever. The decentralized world is not a shield for centralized criminal control.
#Bitcoin #CryptoCrime #DOJ #PigButcheringScam $BITCOIN
$BTC
$ETH
#OnChainAnalysis
The US Department of Justice has delivered a historic blow to transnational cybercrime, seizing approximately 127,000 BTC ($15 BILLION) linked to the notorious "Pig-Butchering" scam network run by Cambodian conglomerate chairman, Chen Zhi of the Prince Group!
THIS IS THE BIGGEST CRYPTO FORFEITURE IN US HISTORY! š¤Æ
What You Need to Know:
Human Cost: The Prince Group allegedly operated forced-labor "fraud parks" in Cambodia, luring victims with "high-paying jobs," then forcing them to execute sophisticated online scams to steal billions. This is a story of human trafficking and financial devastation. š
Crypto's Dual Edge: The scammers used Bitcoin's cross-border liquidity to process an alleged $30 Million USD/day in illicit profits. The funds were "sprayed" across thousands of mule wallets, but on-chain analysis and a key vulnerability led investigators right back to the core. šµļøāāļø
The Breakthrough: Investigators reportedly cracked the case by a combination of on-chain "digital fingerprint" tracking (including assets traced back to a 2020 mining pool theft) AND a "phishing-style" instigation that successfully flipped a key custodian of the cold wallet's mnemonic. Human nature was the Achilles' heel, not the algorithm!
Global Clampdown: The US has charged Chen Zhi with wire fraud and money laundering conspiracy, while simultaneously imposing sanctions on the Prince Group and its entities, including a Singapore-based family office under investigation by MAS. The UK also froze Ā£130M in Chen's London properties. š
This is a massive win for law enforcement and a clear warning: You can't hide illicit funds on the blockchain forever. The decentralized world is not a shield for centralized criminal control.
#Bitcoin #CryptoCrime #DOJ #PigButcheringScam $BITCOIN
$BTC
$ETH
#OnChainAnalysis
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The U.S. conducted the largest bitcoin seizure in history.
On October 14, 2025, the U.S. Department of Justice (DOJ) announced a record seizure: 127,271 bitcoins worth over $15 billion. This is the largest monetary seizure in the history of the agency, not only of cryptocurrency but of any assets. The assets were confiscated from wallets associated with Chen Zhi, the head of Prince Holding Group ā a Chinese-Cambodian conglomerate accused of massive crypto frauds.
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