The alleged mastermind of an international fraud operation involving the use of trafficked workers has been arrested, multiple news outlets report, citing Cambodian officials (1). Chen Zhi, founder and chairman of Prince Holding Group, was arrested in Cambodia and extradited to China on Jan. 6. after a monthslong investigation by both countries. Must Read It’s unclear what charges Chen faces in China, however, the U.S. previously indicted him in absentia, charging him with wire fraud conspiracy and mo ...

Pig butchering scams—which involve building an intimate relationship, establishing trust, and manipulating the victim into investing in a fraudulent scheme—have become an increasing problem worldwide. https://t.co/z8quIKz2lj ...

Crypto Security & Fraud Prevention - Binance, Chainalysis, and APAC law enforcement collaborated to freeze nearly $50 million in illicit funds [1] - The funds were linked to pig butchering scams, a type of fraud [1] - The collaboration utilizes blockchain analytics and public-private partnerships [1] Industry Impact - The initiative aims to disrupt scams and protect the crypto ecosystem [1]