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]