Binance worked closely with Chainalysis and law enforcement to address illicit financial activities. Their joint efforts culminated in the freezing of 47 million USD linked to fraudulent schemes, demonstrating the growing impact of scams in the region.
The pig slaughtering scam represents a significant threat, blending investment fraud with romance scams. Such schemes not only target individuals but also pose challenges to the entire cryptocurrency ecosystem, necessitating proactive measures from platforms like Binance.
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