Pig butchering has conned billions of dollars from victims worldwide. The New York Post recently reported that the Cambodian-based Huione Group gang has reaped over $4 billion between August 2021 and ...

Onchain security firm Cyvers revealed that pig butchering scams were one of the most pervasive threats to crypto investors, with losses reaching $5.5 billion in 2024. The report also indicated that ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

… but our independent journalism isn’t free to produce. Help us keep it this way with a tax-deductible donation today. At the beginning of 2025, panic about fraud and human trafficking erupted on ...

If you’ve ever formed a trusting relationship with someone online that forced you into a fraudulent investment scheme, you might have been a victim of "pig butchering". Pig butchering is at the heart ...

Pig butchering scams have emerged as one of the most pervasive threats to cryptocurrency investors, with losses in the billions of dollars across 200,000 identified cases in 2024, according to a ...

At the beginning of 2025, panic about fraud and human trafficking erupted on Chinese social media. It started when a Chinese actor called Wang Xing was tricked into traveling to Thailand for an ...

Interpol calls on the cybersecurity community, law enforcement, and the media to stop using the term "Pig Butchering" when referring to online relationship and investment scams, as it unnecessarily ...

Ever hear of “pig butchering?” Probably not. It has been characterized as an international financial fraud scheme that has drained millions of dollars from people’s hard-earned savings, including some ...

On Wednesday, June 18, the U.S. Attorney’s Office announced it had seized $225 million in cryptocurrency connected to pig butchering scams. The seizure involves funds stolen from 400 victims worldwide ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. “Individuals held against their will in the compounds engaged ...

Bing Han does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their ...