March 14, 2025
A purported crypto trading platform has been ordered to pay nearly $2.5 million after failing to respond to U.S. Commodity Futures Trading Commission claims that it was at the heart of a so-called pig-butchering scheme — or a scam that sees victims fleeced by fictitious, chatty social media users.
January 18, 2024
The Commodity Futures Trading Commission has accused an unregistered cryptocurrency exchange of engaging in a "pig butchering" scheme to lure victims into friendships or romantic relationships, only to steal their money through an investment scam.