Tether

“Pig Butchering”: FinCEN Issues Alert on Virtual Currency Scam
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“Pig Butchering”: FinCEN Issues Alert on Virtual Currency Scam

ByEyes on Trafficking News

On September 8, 2023, the Financial Crimes Enforcement Network (“FinCEN”) released an alert regarding a notorious virtual currency scam called “pig butchering,” because, unfortunately, it resembles the “fattening a hog before slaughter.” These scams are primarily perpetrated by criminal organizations in Southeast Asia where these scams are also called “Sha Zhu Pan.” The unwitting victims are the…

FBI’s 3-Month Operation Seizes $1.7M in Crypto Currencies
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FBI’s 3-Month Operation Seizes $1.7M in Crypto Currencies

ByEyes on Trafficking News

A prominent US law enforcement agency, the FBI, has successfully seized nearly $1.7 million worth of cryptocurrencies during a comprehensive three-month operation from March to May, aimed at curbing unlawful activities. The confiscated digital assets comprise a variety of cryptocurrencies, including Bitcoin, Ether, Tether, Monero, and Dai. These funds were traced back to different sources…