Cambodia’s National Assembly passed the “Anti-Technology Fraud Law” at the end of March, aiming to crack down on online scams and human trafficking. The law establishes dedicated offenses, with severe penalties and life imprisonment. The new law expands the scope of law enforcement, targeting acts such as “pig butchering” scams, and responds to international pressure to repair its image. The government has pledged to shut down illegal scam centers by the end of April.

U.S., U.K., and Canadian authorities launched "Operation Atlantic," targeting a crackdown on $17 billion in cryptocurrency fraud. The operation focused on authorized phishing and pig butchering scams, utilizing cross-border cooperation to halt the flow of funds. The operation drew on the successful experience of "Project Atlas" and emphasized raising public awareness to prevent fraud.

In brief The U.S. Secret Service is working with authorities in the United Kingdom and Canada to stop crypto fraud. Dubbed "Operation Atlantic," the agencies will work together to try and stop "approval phishing" or "pig butchering" scams that are often tied to crypto. More than $17

Bloomberg investigation reveals that Cambodian Crown Prince Group founder Chen Zhi has built a "pig slaughter" scam empire that earns 30 million USD daily through political and business connections. The empire ultimately collapsed after the United States confiscated 127,271 Bitcoins. Chen Zhi's criminal activities and international sanctions demonstrate the size and influence of his organization. Although he was arrested and extradited to China, the residual impact of the scam industry continues.

Taipei District Prosecutors Office has indicted 62 members of the Cambodian Prince Group, involving money laundering and organized crime totaling 10.7 billion yuan. After four months of investigation, prosecutors are seeking heavy sentences for core members and have seized assets such as luxury homes, supercars, and yachts. The group used "pig-butchering" scams to accumulate illegal proceeds and then concealed funds through a multi-layered money laundering system. This case has prompted judicial cooperation between Taiwan and the United States, demonstrating a close international law enforcement partnership.

U.S. authorities have seized over $580 million in cryptocurrency linked to Southeast Asian scam centers operated by Chinese criminals, targeting "pig butchering" fraud schemes and potentially addressing nearly $10 billion in annual losses for victims.

U.S. federal agents seized over $61 million in USDT linked to "pig butchering" scams, where victims were lured by fake relationships and promised high crypto returns. Tether cooperated with authorities in asset freezes related to money laundering and fraud cases.

Tether has frozen approximately $4.2 billion in Tether tokens in coordination with the U.S. Department of Justice's efforts against "pig butchering" scams and money laundering activities. The U.S. authorities recovered $61 million in Tether, indicating an increase in cryptocurrency money laundering activities, especially within Chinese-speaking communities. FATF urges countries to strengthen regulation to combat these types of financial crimes.

Tether announced on February 27 that it has frozen approximately $4.2 billion worth of cryptocurrency tokens, mainly due to involvement in "illegal activities." The freeze includes $61 million of USDT related to "pig butchering" scams. As a stablecoin issuer, Tether has the ability to remotely freeze specific wallets, demonstrating its centralized nature. Research indicates that cryptocurrency money laundering activities are rapidly increasing, and FATF has called for strengthened regulation to address the associated challenges.