🚨💰 Binance froze $47 million in assets of scammers🚨
Together with law enforcement in the Asia-Pacific region and Chainalysis, one of the largest 'pig butchering' schemes was stopped — a type of fraud where criminals build trust with victims for months before 'shearing' them down to zero.
📊 Details:
From November 2022 to July 2023, analysts tracked transactions of dozens of victims.
As a result, $47 million $USDT T was linked to the scammers' wallets.
The stablecoin issuer quickly froze the funds, preventing them from being withdrawn in fiat.
🛡 Binance $BNB noted: such operations demonstrate the strength of public-private partnerships and that blockchain provides tools to combat global fraud schemes.
👉 As a reminder, in August, Binance, Coinbase, and Kraken created the Beacon Network — the first real-time response system for crypto crimes.
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