The Japan News Yomiuri - Crypto Scam: Inside the Billion-Dollar ‘Pig-Butchering’ Industry

in blockchain •  last year 

https://japannews.yomiuri.co.jp/news-services/reuters/20231124-151521/
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Chinese businessman Wang Yicheng forged relationships with Thai law enforcement and political figures while a cryptocurrency account linked to him received over $90 million, including funds from pig-butchering scams.

The account was registered on Binance, and though Wang didn't respond to questions, the FBI and Secret Service attended a briefing linking him to cyber scams.

The account went dark in November 2022, and Wang continued to court officials, hosting an event in August, according to the Thai-Asia association's WeChat account.

Beware of pig butchering scams!!

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