Tag Archives: pig butchering

Feds seize $15 billion from alleged forced labor scam built on “human suffering”

Federal prosecutors have seized $15 billion from the alleged kingpin of an operation that used imprisoned laborers to trick unsuspecting people into making investments in phony funds, often after spending months faking romantic relationships with the victims. Such “pig butchering” scams have operated for years. They typically work when members of the operation initiate conversations… Read More »

$40 billion worth of crypto crime enabled by stablecoins since 2022

Anjali Nair; Getty Images reader comments 113 Stablecoins, cryptocurrencies pegged to a stable value like the US dollar, were created with the promise of bringing the frictionless, border-crossing fluidity of bitcoin to a form of digital money with far less volatility. That combination has proved to be wildly popular, rocketing the total value of stablecoin… Read More »

Securing your digital life, part three: How smartphones make us vulnerable

Enlarge / In this story, we’re going to learn about “pig butchering.” Aurich Lawson / Getty Images reader comments 4 with 4 posters participating Share this story Securing your digital life View more stories There are, by some estimates, more smart phones on this planet than human beings to use them. People who have never… Read More »