Meta removes over 2 million accounts pushing pig butchering scams

November 25, 2024 at 10:59AM Meta has removed 2 million accounts related to pig butchering and other scams from its platforms since the beginning of the year. ### Meeting Notes Takeaways: – **Action Taken**: Meta has removed 2 million accounts from its platforms. – **Reason for Action**: The accounts were linked to “pig butchering” and … Read more

Forced-Labor Camps Fuel Billions of Dollars in Cyber Scams

June 11, 2024 at 10:03PM Chinese crime syndicates have shifted from illicit gambling houses to cybercrime fraud, stealing billions of dollars through online scams which also exploit job seekers. Authorities struggle to combat the criminal operations in Southeast Asia. Cybercrime syndicates in the region yield revenues comparable to annual GDPs, and police and financial institutions … Read more

US arrests suspects behind $73M ‘pig butchering’ laundering scheme

May 17, 2024 at 12:06PM The U.S. Department of Justice charged two suspects for leading a crime ring that laundered over $73 million from cryptocurrency scams known as “pig butchering.” Victims were lured through messaging and social media platforms, with funds drained into accounts under the fraudsters’ control. The defendants face up to 20 years … Read more