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Home » How ‘pig-butchering’ scams have emerged as a billion-dollar crypto … – The Straits Times

How ‘pig-butchering’ scams have emerged as a billion-dollar crypto … – The Straits Times

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Crypto fraud has emerged as a multi-billion-dollar criminal speciality that has entrapped victims around the world. PHOTO: ST FILE LONDON – At a Thai police headquarters in October 2022, Chinese businessman Wang Yicheng congratulated one of Bangkok’s most senior cybercrime investigators on his recent promotion, presenting the official with a large bouquet of flowers wrapped in red paper and a bow. Mr Wang, the vice-president of a local Chinese trade group, wished the new cybercrime investigator “smooth work and new achievements”, according to the group’s website, which displays photographs of the event.Over the past two years, Mr Wang has forged relationships… 

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