Crypto Scammers Enslaved in Human-Trafficking Network Unveiled

A Bloomberg reporter investigating the crypto bubble received a flirtatious text message from a woman named Vicky Ho, who turned out to be involved in a crypto scam called "pig butchering." As the reporter delved deeper, they discovered that Vicky and others like her were likely victims of human trafficking, forced into a criminal racket orchestrated by Chinese gangsters in Southeast Asia. Thousands of people are held captive in office towers, sending spam messages under threat of torture or death. The victims of these scams have lost billions of dollars, with Tether being a commonly used coin. The reporter concludes that cryptocurrency plays a significant role in enabling this slave complex to exist.