Crypto

Vietnamese National Charged in $16M Pig Butchering Crypto Scam

Guavy AI Editorial Team Published September 26, 2026

A Vietnamese national has been charged by the feds in connection with a $16 million crypto scheme known as 'pig butchering'.

This type of scam involves convincing victims to invest in cryptocurrency, only to have their funds manipulated or stolen.

The US Department of Justice alleges that the individual used social media and messaging apps to target victims, often women, and convince them to send money into a fake investment scheme.

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