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Bitcoin.com News|Feb 27, 2025 05:33
🚨 Crypto crime crackdown!
Federal agents just took down a 13M money laundering ring tied to massive pig butchering scams. The suspects—Chinese nationals—allegedly ran fake trading firms to wash stolen funds.
One heartbreaking case? A 72-year-old man lost 325K in a bogus crypto platform called “Enkuu.” Law enforcement tracked 300+ wire transfers tied to the scheme.
The FBI is on the case, and these fraudsters could face five years behind bars.
With crypto scams evolving fast, are regulators still way behind the curve? 🚀
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