Pulse of Truth

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krogoth@infosec.pub

Chinese Nationals Arrested for Laundering $73 Million in Pig Butchering Crypto Scam (thehackernews.com)

submitted 5 months ago by lemmydev2@infosec.pub to c/pulse_of_truth@infosec.pub

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The U.S. Department of Justice (DoJ) has charged two arrested Chinese nationals for allegedly orchestrating a pig butchering scam that laundered at least $73 million from victims through shell companies. The individuals, Daren Li, 41, and Yicheng Zhang, 38, were arrested in Atlanta and Los Angeles on April 12 and May 16, respectively. The foreign nationals have been "charged for leading a scheme

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