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Binance has assisted Southeast Asian law enforcement agencies in freezing nearly $50 million in "Pig-butchering scams" funds.
Odaily News Binance, in collaboration with Chainalysis, stablecoin issuers, and law enforcement agencies in Southeast Asia, successfully assisted in freezing nearly 50 million USD related to Pig-butchering scams. This scam network was active from November 2022 to July 2023, and Chainalysis tools traced the transaction paths of dozens of victims, ultimately identifying 5 suspicious wallets holding approximately 47 million USDT.