CyberNews is reporting that two Chinese Nationals could get at least 20 tears if convicted. There are 7 charges and each could have a 20 year sentence. 1 is conspiracy to commit money laundering and 6 counts of international money laundering.
Let’s make it clear, you could face up to 20 years, but I hope that the entire book is thrown at these two.
One of the suspects was arrested in Los Angeles, the other in Atlanta, and both at different points.
Its probably a good idea we covered Pig Butchering all those years ago.
- podcast 183: Pig Butchering gets an update
- podcast 106: What is pig butchering when it comes to the cyber security field?
Here is a blog post from 2022 which started the whole Pig Butchering discussion. Thanks Brian.
Also, 7 domains were closed because of this problem and a story about 2.3 million recovered after a pig butchering scheme.
We know that pig butchering is starting with the promise of a potential romance partner, but as we’ve seen, they just string you along.
This community should especially read these articles and the accompanying article because it does talk about what is happening and you can learn the signs of what to look for.
Today’s article is titled: Chinese nationals launder $73M crypto in pig butchering scam.
I hope people learn, because that’s what I try to do. Share things that we can all learn from.
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