Four U.S. Nationals Charged in $80 Million Pig Butchering Crypto Scam
ID: 81c7b926-eb5b-5d45-8ccd-bf5e378c7376
STIX ID: report--81c7b926-eb5b-5d45-8ccd-bf5e378c7376
Feed Name: The Hacker News
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Four U.S. nationals were charged by the Department of Justice for participating in large-scale cryptocurrency "pig-butchering" investment scams and related money laundering that allegedly produced over $80 million in victim losses; the report outlines how scammers use romance-investment approaches, fake brokerages, group chats, and shell companies to collect and launder funds and notes related international enforcement and seizures.
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