Would these money be returned to the victims?
Unfortunately, in pig butchering scams the victims often feel ashamed and wouldn't claim their stake.
DOJ seizes $15B in Bitcoin from 'pig butchering' scam based in Cambodia
81–90 of 421 posts
Re: DOJ seizes $15B in Bitcoin from 'pig butchering' scam based in Cambodia
#82So apparently the FBI or other US agency hacked this guy and drained his wallets? No indication he’s been arrested, wallets said to be unhosted. Clearly should’ve used an offline wallet lol.
Taylor is on to something here: https://x.com/tayvano_/status/1978273602719158448 tl;dr: Someone cracked these weak entropy wallets 3+ years before anyone else and kept it secret Whether that was the USG or another entity has yet to be revealed
Risky move, since it is easy to move the funds to a new address at any time.
Re: DOJ seizes $15B in Bitcoin from 'pig butchering' scam based in Cambodia
#83Since in pig butchering scams the victims often do not go to the police or tell anyone due to feelings of shame, we can assume quite a big pot of that money will go into the US federal crypto reserve.
Re: DOJ seizes $15B in Bitcoin from 'pig butchering' scam based in Cambodia
#84Earlier quoted context omitted.
Why would the government bother prosecuting/seizing it if the money was going to the victims?
Um maybe because the government isn't supposed to work for profit but to enforce the law and do the right thing for victims and society? If they're going to be only prosecuting crimes where there's something in it for them it's going to be a very unsafe society.
What about good old asset forfeiture to buy more swat toys?
Re: DOJ seizes $15B in Bitcoin from 'pig butchering' scam based in Cambodia
#85Wow. $15 billion is an astronomical, nearly unfathomable amount of money in Cambodia. This must have been a huge operation. It's almost 1/3 of the country's entire GDP! Well done DOJ. Hopefully the victims get their money back.
their business is scam center that by definition is not counted by GDP anyway
Re: DOJ seizes $15B in Bitcoin from 'pig butchering' scam based in Cambodia
#86Would these money be returned to the victims?
[flagged]
Re: DOJ seizes $15B in Bitcoin from 'pig butchering' scam based in Cambodia
#87Wow. $15 billion is an astronomical, nearly unfathomable amount of money in Cambodia. This must have been a huge operation. It's almost 1/3 of the country's entire GDP! Well done DOJ. Hopefully the victims get their money back.
their business is scam center that by definition is not counted by GDP anyway
Which makes it worse. A scamming operation that is 1/3 of the GDP is huuuuuuge.
Re: DOJ seizes $15B in Bitcoin from 'pig butchering' scam based in Cambodia
#88I am shocked that the organizer of a large scam call center in SEAsia is a Chinese national.
Large scam call centers run by Chinese nationals are getting broken up in the region pretty regularly.
Re: DOJ seizes $15B in Bitcoin from 'pig butchering' scam based in Cambodia
#89Re: DOJ seizes $15B in Bitcoin from 'pig butchering' scam based in Cambodia
#90Earlier quoted context omitted.
> Cambodia's specifically 30-50% of the economy can be directly attributed to scamming plus casinos Are you saying that 30-50% of Cambodia's economy can be directly attributed to scamming and casinos? I find that shocking and hard to believe. Do you have a source for that statement?
It's not hard to believe that a small country can have a vastly oversized economy due to finance - legal or illegal.
An example of a legal one is the UK