FBI Cracks Down on Crypto Scam Involving ’Pig Butchering’ Scheme

BTCC / BTCC Square / Global Cryptocurrency /

Author:

Release Time:

2025-05-31 03:07:01

The Federal Bureau of Investigation has intensified efforts to combat a cryptocurrency fraud tied to Philippines-based FUNNULL, a company accused of facilitating ’pig butchering’ scams. This deceptive model involves building trust with victims before funneling them into fake investment platforms where withdrawals are impossible.

U.S. Treasury sanctions now target FUNNULL’s infrastructure network, marking a coordinated strike against cross-border crypto crime. The operation highlights growing regulatory scrutiny of offshore entities enabling financial fraud in digital asset markets.

By:

Log in to Reply

NVIDIA Enhances AnythingLLM with RTX AI PC Acceleration

Articles on this site are sourced from public networks or curated by AI for informational purposes only and do not represent BTCC’s views. Original rights belong to the respective authors. For copyright concerns, please contact [email protected]. BTCC assumes no liability for the accuracy, timeliness, or completeness of this information, and disclaims all liability arising from reliance on such content. This content is for reference only and should not be taken as investment, legal, or commercial advice.