Crypto scam: Inside the billion-dollar ‘pig-butchering’ industry

Fraudulent crypto investment schemes directed from Asia known as “pig butchering” have become a global billion-dollar industry. But little is known about those who benefit. Reuters traced at least $9 million linked to such scams to an account registered to a well-connected representative of a Chinese trade group in Thailand.

Behold the Utter Destruction of Crypto’s Biggest Names

Yet as part of the plea agreement, CZ relinquished his CEO role, making him yet another casualty of an international regulatory effort that has now dethroned — and often incarcerated — virtually all of the leading figures in crypto’s brief history.