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Binance Assists in Freezing Nearly $50 Million in Illegal Funds Related to Investment Scam

Summary: According to reports, Binance collaborated with Chainalysis, stablecoin issuers, and law enforcement agencies in the Asia-Pacific region to freeze nearly $50 million in illegal funds related to an investment scam known as 'pig slaughter plate'. These funds were linked to a type of investment and romance scam that has become increasingly global in recent years.

According to reports, Binance collaborated with Chainalysis, stablecoin issuers, and law enforcement agencies in the Asia-Pacific region to freeze nearly $50 million in illegal funds related to an investment scam known as 'pig slaughter plate'. These funds were linked to a type of investment and romance scam that has become increasingly global in recent years.

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