US Sentences Fugitive to 20 Years Over $73 Million Crypto Scam

In brief

• Prosecutors said the scheme used social media, dating platforms and spoofed trading sites to build trust before extracting funds, a tactic known as “pig butchering.”
• At least $73.6 million in victim funds was routed through bank accounts and U.S. shell companies before being converted into crypto, court filings show.
• U.S. authorities said the operation was run from scam centres in Cambodia and involved multiple co-conspirators, eight of whom have pleaded guilty.