All articles tagged with #pig butchering scams
China is increasingly cracking down on pig butchering scam operations in Southeast Asia, sentencing mafia members, including the Bai crime syndicate, to death for their involvement in large-scale fraud, violence, and illegal activities, marking a significant shift in policy and enforcement in the region.
The U.S. government has imposed sanctions on Funnull Technology Inc., a Philippines-based cloud provider linked to facilitating 'pig butchering' scams that caused over $200 million in losses to Americans, highlighting the use of U.S. cloud infrastructure by cybercriminals involved in virtual currency scams and other malicious activities.
Meta has disclosed its efforts to combat 'pig butchering' scams, which involve forced labor in Southeast Asia and the UAE to perpetrate online scams. The company has removed over 2 million accounts linked to these scams this year and is collaborating with law enforcement and tech companies to tackle the issue. Despite Meta's actions, researchers criticize the company for its slow response and emphasize the role of its platforms in facilitating scams. Scammers are increasingly using AI tools to enhance their operations, complicating efforts to curb these activities.