FBI leads arrests of 276 in global crypto ‘pig butchering’ scams
The Block
A global law enforcement operation led by the FBI resulted in 276 arrests and the dismantling of nine crypto-related "pig butchering" scam centers.Summary
A global task force led by the FBI has dismantled nine international "pig butchering" scam centers, resulting in 276 arrests across Dubai and Thailand. These criminal operations recruited workers for companies like Ko Thet Company and Sanduo Group to target victims through fraudulent crypto investment schemes, laundering millions of dollars in stolen funds. The U.S. Department of Justice emphasized that this operation highlights their commitment to pursuing cross-border fraudsters, noting that crypto-related fraud losses reached a record $11.3 billion last year.
(Source：The Block)