A San Jose woman, Margaret Loke, uncovered a cryptocurrency "pig-butchering" scam with the help of ChatGPT after losing nearly a million dollars. Last year, Loke met a man calling himself "Ed" on Facebook and developed a romantic relationship with him over WhatsApp. Ed then guided her to transfer funds into a fake crypto account under his control. The initial amount was $15,000; afterward, Loke withdrew over $490,000 from her personal retirement account and applied for a $300,000 second mortgage, resulting in a total loss of nearly $1 million. When her account was frozen and the other party demanded another $1 million to unfreeze it, Loke sought help from ChatGPT. The AI warned her that this was a typical scam and advised her to call the police. An investigation later confirmed that Loke had been wiring money to Malaysian banks, where the funds were withdrawn by the scam ring.

Odaily News Huione Pay in Cambodia suddenly announced its suspension of operations until January 5 of next year and launched a deferred payment plan on December 1 due to a short-term large-scale bank run. A large number of users have queued outside its headquarters in Phnom Penh, and signs have been posted in Chinese stating "Deferred Payment Statement". Notably, the U.S. FinCEN has listed Huione Group as a major money laundering risk institution this May, accusing it of providing money laundering channels for North Korean and Southeast Asian transnational scam organizations, involving encryption scams such as "Pig-butchering scams". (Cambodia-China Times)

ChainCatcher news, the People's Procuratorate of Yuhua District, Changsha City disclosed a "Pig-butchering scams" case, with 11 individuals involved being convicted. The gang defrauded approximately 340,000 Yuan in total. The "Pig-butchering scams" evolved from the traditional "Pig-butchering scams" and specifically targets foreigners. In March 2024, Liu and Li established a fraud gang in Yuhua District, with clear divisions of labor: 8 salespeople disguised as "financial elite women" sought out foreign male targets on overseas social platforms, using emotional fraud tactics to lure victims into investing in virtual money on a fake platform.

Jin10 reported on October 17th that Tangrenshen recently stated during an institutional survey that the cumulative sales of live pigs from January to September reached 3.7622 million heads. Currently, the company has not adjusted its target for live pig output in 2025. It is expected that the company will output 5 million to 5.5 million live pigs in 2025, while the output target for live pigs in 2026 has yet to be determined.

According to ChainCatcher news, reported by Jin10, the U.S. Department of Justice has officially charged business magnate Chen Zhi, who holds dual nationality in the UK and Cambodia, for allegedly orchestrating a transnational "Pig-butchering scam" involving Crypto Assets. At the same time, the U.S. government seized approximately 127,271 Bitcoins, worth up to 15 billion USD (around 106.9 billion RMB), marking the largest seizure operation in the department's history. Chen Zhi faces multiple charges, with a maximum penalty of 40 years in prison.

Odaily News According to market news: The United States seeks to confiscate 127,271 Bitcoins in a certain Pig-butchering scam case, worth 12 billion dollars.

Gate News bot message, in a significant action by the U.S. District Court EDNY, authorities are pursuing the forfeiture of 127,271 Bitcoin (approximately $12 billion) connected to a transnational pig butchering scam operation. The scheme is allegedly orchestrated by Chinese national Chen Zhi. This

Odaily News Binance, in collaboration with Chainalysis, stablecoin issuers, and Southeast Asian law enforcement agencies, successfully assisted in freezing nearly 50 million USD related to "Pig-butchering scams". This scam network was active from November 2022 to July 2023, and Chainalysis tools tracked the transaction paths of dozens of victims, ultimately identifying 5 suspicious wallets holding approximately 47 million USDT.

PANews reported on August 28 that Binance disclosed that in June 2024, after a multi-stakeholder investigation supported by Binance, Chainalysis, and other industry partners, law enforcement agencies in the Asia-Pacific region froze nearly $50 million in illegal funds. In the case that year, the Chainalysis investigation team used Blockchain analysis techniques to trace funds related to another active scam network in Southeast Asia. They tracked transactions of dozens of victims from November 2022 to July 2023, identifying a series of integrated wallets controlled by the scammers. The criminals concentrated funds into a main wallet, distributing them through intermediate addresses to five final wallets, which collectively held nearly $47 million USDT. To prolong the scam, the scammers would also return a small amount of funds. After receiving intelligence, the Asia-Pacific law enforcement agencies instructed stablecoin issuers to freeze the funds in June, and investigators acted quickly to prevent the illegal proceeds from being cashed out.

According to Jin10 data on August 6, Shennong Group announced that the company sold 174,700 live pigs in July 2025, a year-on-year decrease of 11.99%, with a sales revenue of 327 million yuan; the average selling price of commercial pigs was 14.73 yuan/kg, an increase of 2.65% compared to June 2025. From January to July 2025, a total of 1,714,200 live pigs were sold, a year-on-year increase of 32.79%, with a sales revenue of 2.831 billion yuan.

PANews July 16th news, according to ZachXBT, he does not sympathize with the BigONE team, as this centralized exchange has previously handled a large volume of transactions related to Pig-butchering scams, romance and investment scams.

Jin10 data reported on July 4th that Jinxinnong announced that the company’s pig sales in June 2025 will be 112,200 heads, with sales revenue of 122 million yuan. From January to June 2025, the company’s total pig sales reached 632,300 heads, with total sales revenue of 763 million yuan.

Gate News bot reported that a man who claims to be a victim of a crypto assets "Pig-butchering scams" has recently sued Citibank for failing to timely detect warning signs, and now he has filed a second lawsuit against two other banks. Michael Zidell filed a lawsuit against East West Bank and Cathay Bank in federal court in California on Tuesday, accusing the two banks of "ignoring their legal duties and obligations."

Odaily News The U.S. Department of Justice announced that a Nigerian citizen, Charles Uchenna Nwadavid, admitted yesterday in a Boston federal court to participating in a "Pig-butchering scam" case, with six victims involved and more than $2.5 million in illicit funds, which have been transferred to a crypto assets account controlled by Charles Uchenna Nwadavid. He acknowledged charges of mail fraud, conspiracy to commit money laundering, and money laundering.

According to Gate News bot, CoinTelegraph reports that the Australian Federal Police have contacted over 90 Australians as part of an effort to combat criminal activities using Crypto Assets ATMs, including victims of pig butchering and criminal suspects.

PANews reported on June 24 that according to Cryptoslate, Elliptic released a report stating that despite the Huione Guarantee platform in Cambodia being shut down on May 13 due to its involvement in a $27 billion pig-butchering scam, dark market transactions on Telegram have not decreased. The data shows that merchants quickly shifted to Tudou Guarantee, a competitor platform in which Huione holds a 30% stake, and the inflow of USDT to this platform has returned to levels prior to Huione's shutdown. On-chain data indicates that after the ban was implemented, Huione's USDT inflow dropped to nearly zero, while the number of users on Tudou Guarantee has more than doubled, with inflows comparable to those before Huione's closure.

Gate News bot message, the Alabama securities regulator has seized at least $125,000 worth of encryption assets from two residents, who became victims of a well-orchestrated pig slaughter eyewash, with total losses exceeding $850,000.

Golden Ten Data reported on June 6 that Tang Renshen announced that the sales of live pigs in May 2025 will be 482,800 (including 464,500 commercial pigs and 18,300 piglets), and the sales of live pigs in May 2024 will be 326,900 (including 303,400 commercial pigs and 23,500 piglets), an increase of 47.69% year-on-year and 10.94% month-on-month; The total sales revenue was 841 million yuan, an increase of 44.97% year-on-year and 10.40% month-on-month. From January to May 2025, the cumulative live pig sales were 2,180,400 (including 2,064,500 commercial pigs and 115,900 piglets), and the cumulative live pig sales from January to May 2024 were 1,589,300 (including 1,397,400 commercial pigs and 191,900 piglets), an increase of 37.19% year-on-year; The sales revenue was 3.786 billion yuan, an increase of 57.99% year-on-year.

Gate News bot news: The U.S. has imposed sanctions on a Philippine digital infrastructure provider accused of assisting in a large-scale cryptocurrency eyewash scheme that resulted in over $200 million in losses for American victims. The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) announced on Thursday that it has placed Funnull Technology and its manager Liu Lizhi on the sanctions list due to their association with Pig-butchering scams.

Gate News bot reported that according to MistTrack monitoring, on May 29, the U.S. Treasury imposed sanctions on the Philippine company Funnull for its involvement in Pig-butchering scams. Tether and Circle froze two related addresses: -0xd5ed34...ed510 (frozen 17,594.75 USDT) -TNmRfn...t8 (frozen 2,361 USDT)

Gate.io News bot message, blockchain security company Elliptic released an investigative report revealing that Xinbi Guarantee, a registered company in Colorado, USA, operates an illegal crypto assets trading market. The platform has processed a total of $8.4 billion in transactions, primarily providing services to Southeast Asian fraudsters. The report points out that Xinbi Guarantee engages in money laundering and "pig butchering" scam activities using the USDT stablecoin, while also providing money laundering services, technical equipment, and fake identity documents to customers. The platform currently has 233,000 users, and the transaction volume is expected to reach $1 billion in the fourth quarter of 2024. The investigation also found a connection between the platform and money laundering activities linked to North Korean hackers. Source: Cointelegraph

Jin10 data reported on May 8th, Tangrenshen announced that the sales volume of live pigs in April 2025 was 435,200 heads, while the sales volume in April 2024 was 315,400 heads, an increase of 37.98% year-on-year and an increase of 7.48% month-on-month; total sales revenue was 762 million yuan, an increase of 57.77% year-on-year and an increase of 10.98% month-on-month. The cumulative sales volume of live pigs from January to April 2025 was 1,697,600 heads, while the cumulative sales volume from January to April 2024 was 1,262,400 heads, an increase of 34.47% year-on-year; total sales revenue was 2.945 billion yuan, an increase of 62.15% year-on-year.

Jin10 reported on May 6 that Jin Xin Nong stated in a conference call that the company's sales cost for commodity pigs in the first quarter of 2025 is approximately 14.15 yuan/kg, and the sales cost for weaned piglets is about 331 yuan/head. The target sales cost for commodity pigs in 2025 is set at 13 yuan/kg. The company has around 87,000 sow slots, corresponding to a pig production capacity of about 2.2 million heads. In 2024, the capacity utilization rate of the commodity pig farm is less than 70%, indicating that the company's capacity is sufficient. In 2025, the company plans to improve the capacity utilization rate of its internal pig farms and develop light asset operation businesses such as 'Company + Farmers' externally.

According to Gate.io News bot, Wu Shuo reported that on May 5, 2025, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) imposed sanctions on the Myanmar armed group Karen National Army (KNA). OFAC pointed out that the organization is involved in illegal activities such as transnational cyber fraud, human trafficking, and smuggling. Investigations show that the organization committed fraud by setting up fake cryptocurrency investment platforms, luring victims to invest funds for a long time before fleeing with the money. In 2022 and 2023, American victims suffered total losses of $2 billion and $3.5 billion, respectively. OFAC further disclosed that KNA cooperated with Cambodian financial institutions such as Huione Group to conduct virtual asset money laundering through new types of cryptocurrency scams like "pig butchering".

Jin10 reported on May 5 that Dabeinong recently stated in a conference call that, based on the company's first quarter 2025 output situation and the end of the first quarter live pig inventory situation, it is expected that the company's total controllable and invested live pig output for the year 2025 will be around 8 million heads, subject to the final actual figures.

Gate.io News bot message, the Australian Securities and Investments Commission (ASIC) ruled through the Federal Court to close 95 companies involved in investment and "pig butchering" scams. These companies primarily carried out fraudulent activities by using false information to register and impersonate trading platforms. ASIC disclosed that the fraud scope of the involved companies includes digital assets, foreign exchange, and commodity investments, with some companies using stolen identities to sign up. ASIC clears more than 130 scam websites weekly and describes this type of scam as "Hydra," as new scam organizations emerge after one is dismantled. Source: cointelegraph

According to Golden Finance, the California Department of Financial Protection and Innovation (DFPI) announced 24 types of cryptocurrency scams to remind the community to be vigilant, mainly including: prepaid scams, affinity scams, asset recovery scams, bait scams, bitcoin mining scams, crypto extortion scams, crypto game scams, crypto job scams, imposter scams, high-yield investment plans, investment group scams, liquidity mining/liquidity mining scams, pig killing scams, crypto giveaways/airdrop scams, ransomware, etc.

Jinshi data news on February 10th, Tangrenshen announced that the sales volume of pigs in January 2025 was 459,100 (including 434,100 commercial pigs and 25,000 piglets), and the sales volume of pigs in January 2024 was 328,200 (including 293,700 commercial pigs and 34,500 piglets), a year-on-year rise of 39.88%, a month-on-month decrease of 16.89%; the total sales revenue was 815 million yuan, a year-on-year rise of 96.86%, a month-on-month decrease of 16.36%.

ChainCatcher News, a California resident sued three Asian-based banks, accusing them of failing to perform basic due diligence, resulting in his loss of nearly $1 million in a 'pig-cutting' encryption scam. According to the complaint filed on December 31, 2024, Ken

Jinshu data news on November 5th, Jin Xin Nong announced that the company's pig sales volume in October 2024 was 97,500, with sales revenue of 134 million yuan. Among them, the sales volume of commercial pigs was 49,600, piglets were 45,600, and breeding pigs were 2,400. The average selling price of commercial pigs was 18.12 yuan/kg.

Jinshi Data reported on October 30th that Muyuan Stock stated at the 2024 third-quarter report exchange meeting that the company's capital expenditure in the first three quarters of 2024 was 10.165 billion yuan, with a rise in capital expenditure in the third quarter compared to the second quarter. This is mainly because the company has made preparations in advance for winter disease prevention and control this year, and there has been an increase in expenditure on the addition, upgrading, and renovation of pig farm equipment. It is estimated that the company's capital expenditure for the whole year will be around 12 billion yuan. The company's current business strategy has shifted to a stable rise, and the scale of construction in progress is showing a downward trend. It is expected that the annual capital expenditure will gradually decrease in the future.

On October 29th, Jinshi Data News, at the third quarter performance communication meeting of Muyuan Shares held today, Qin Jun, the company's secretary of the board, said that the company has achieved half of the cost reduction target of 'average cost of 600 yuan per pig' set for 2022, excluding the price impact of feed. In terms of improving labor efficiency, material efficiency, and refined management, there is still a lot of room for cost reduction in the future.

Today, the pig Market Maker contract continued to rise during the midday session, closing up 2.44%! Latest changes in order flow, volume, and price distribution.

On October 8th, Jinshi Data reported that Zhenghong Technology announced that in September 2024, the company sold 9,000 live pigs with sales revenue of 12.3793 million yuan, a decrease of 12.76% compared to the previous month, and a decrease of 34.42% in sales revenue. Compared with the same period last year, sales volume decreased by 57.92% and sales revenue decreased by 54.95%. From January to September 2024, the company sold a total of 60,300 live pigs with a cumulative sales revenue of 111 million yuan, a year-on-year decrease of 65.7% and 58.88% respectively. The decrease in sales is mainly due to the decrease in pig slaughter.

In early trading today, the soda ash Market Maker contract continued its strong performance, while the live pig Market Maker contract weakened in a volatile manner! The latest changes in order flow and volume-price distribution.

At the close today, the live pig market maker contract took a nosedive before the morning close, recovered all lost ground at noon, and closed up 0.24%! The latest changes in order flow and volume-price distribution.

This morning, the closing of the pig market maker contract triggered a fund bomb, and the main selling funds are relatively high, resulting in a straight nosedive. Follow the midday market trend for more popular variety fund movements.

After the midday opening today, the pig Market Maker contract detonated two fund bombs, and the market volume pumped up! There is relatively more main buying funds! More hot variety fund trends.

Jinshi data news on August 24th, at 9:00 on August 23rd, with the sound of a gong, eggs, corn starch, and live pig Options were officially listed on the Dalian Commodity exchange. On the first day of listing, the three major Options ran smoothly overall. Industry insiders said that after the listing of eggs, corn starch, and live pig Options, the combination of futures and Options tools will provide more comprehensive Risk Management tools and more refined and flexible hedging strategies for industrial chain enterprises. With the listing of more and more commodity futures and Options, it is expected to further broaden the Depth and breadth of futures market services to the real economy.

In early trading today, the pig Market Maker contract turned from fall to rise, while the soda ash Market Maker contract fell by 5.46%! Latest changes in order flow and volume distribution.

According to a report by Jinse Finance, ZachXBT, an on-chain detective, tweeted that one of the WBTC holders may be a suspicious entity related to ransomware/scam. The holdings data are as follows: 1253 WBTC ($73 million) at 0xed805ac246f441ea0d057b81d910ef1e39eb5995 185 WBTC ($10.8 million) at 0x9a5c7630d327885ae849217702824e5835d3c5e0.

Pig Market Maker contract fluctuated and strengthened today, closing up 1.74%. Did larger funds enter the market? Latest changes in order flow and volume-price distribution.

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Morning market close, soda ash Market Maker contract big dump 3.61%, live pig Market Maker contract rise 1.23%! What are the latest dynamics in order flow and volume-price distribution?