#PigButcheringScams

‘Pig butchering’ trading apps found on Google Play, App Store

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October 3, 2024 at 03:37PM Fake trading apps on Google Play and Apple’s App Store, known as “UniShadowTrade” malware, have been removed after attracting thousands of downloads. These apps perpetrate “pig butchering” scams, enticing victims with fake investment returns. Once funds are deposited, fraudsters prevent withdrawals, eventually absconding with the money. The threat has now … Read more

Crypto Analysts Expose HuiOne Guarantee’s $11 Billion Cybercrime Transactions

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July 10, 2024 at 04:33AM Cryptocurrency analysts uncovered HuiOne Guarantee, an online marketplace utilized by cybercriminals in Southeast Asia, facilitating transactions totaling at least $11 billion and primarily associated with pig butchering scams. Connected to Cambodian conglomerate HuiOne Group, it offers money laundering services and engages in various fraudulent activities, targeting victims worldwide. Elliptic’s report … Read more