Chinese Nationals Arrested for Laundering $73 Million in Pig Butchering Crypto Scam
ID: 68efa06e-ca5f-5d51-a7be-0a41e9facd94
STIX ID: report--68efa06e-ca5f-5d51-a7be-0a41e9facd94
Feed Name: The Hacker News
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The report summarizes two DOJ-unsealed indictments: one alleging that Chinese nationals led an international ‘pig butchering’ crypto investment scam that laundered at least $73 million through U.S. bank accounts, shell companies, and conversion to stablecoins, and another charging two brothers who allegedly exploited an MEV-Boost vulnerability to manipulate Ethereum transactions and steal about $25 million (the vulnerability has since been patched).
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