Binance: We helped freeze 47 million USD in funds related to the pig-killing scam in the Asia-Pacific region last year

Binance reported that they assisted in freezing approximately 47 million USD tied to a pig-killing scam. The Asia-Pacific law enforcement agencies acted based on intelligence and a coordinated investigation that included Binance and Chainalysis.

The investigation revealed that scammers pooled funds into a main wallet before dispersing them to various final wallets, totaling nearly 47 million USD in USDT. The criminals attempted to prolong their scam by returning small amounts to victims.

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