U.S. Authorities Seize Domains Used in 'Pig butchering' Cryptocurrency Scams

The U.S. Justice Department (DoJ) on Monday announced the takedown of seven domain names in connection to a "pig butchering" cryptocurrency scam. The fraudulent scheme, which operated from May to August 2022, netted the actors over $10 million from five victims, the DoJ said. Pig butchering, also called Sha Zhu Pan, is a type of scam in which swindlers lure unsuspecting investors into sending

19-Year-Old Teen Arrested for Using Leaked Optus Breach Data in SMS Scam

The Australian Federal Police (AFP) has arrested a 19-year-old teen from Sydney for allegedly attempting to leverage the data leaked following the Optus data breach late last month to extort victims. The suspect is said to have carried out a text message blackmail scam, demanding that the recipients transfer $2,000 to a bank account or risk getting their personal information misused for

BEC Scammer Gets 25-Year Jail Sentence for Stealing Over $9.5 Million

A 46-year-old man in the U.S. has been sentenced to 25 years in prison after being found guilty of laundering over $9.5 million accrued by carrying out cyber-enabled financial fraud. Elvis Eghosa Ogiekpolor of Norcross, Georgia, operated a money laundering network that opened at least 50 business bank accounts for illicitly receiving funds from unsuspecting individuals and businesses after

Researchers Uncover Classiscam Scam-as-a-Service Operations in Singapore

A sophisticated scam-as-a-service operation dubbed Classiscam has now infiltrated into Singapore, more than 1.5 years after expanding to Europe. "Scammers posing as legitimate buyers approach sellers with the request to purchase goods from their listings and the ultimate aim of stealing payment data," Group-IB said in a report shared with The Hacker News. The cybersecurity firm called the