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US Treasury’s FinCEN Flags Nearly $13B in Crypto ‘Pig Butchering’ Scam Activity

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The Treasury's financial-crimes unit tied roughly $12.7 billion in suspected activity, across nearly 34,000 bank filings, to digital-asset investment scams run by overseas "scam centers," and warned banks to watch for the stablecoin transfe…

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US Treasury’s FinCEN Flags Nearly $13B in Crypto ‘Pig Butchering’ Scam Activity

The Treasury's financial-crimes unit tied roughly $12.7 billion in suspected activity, across nearly 34,000 bank filings, to digital-asset investment scams run by overseas "scam centers," and warned banks to watch for the stablecoin transfe…