The Ministry of Justice seized $ 225 million on plans to encrypt “swine slaughtering” associated with the Philippine fraud boat

While the prosecutors did not mention one perpetrator in complaintThey said that the money was linked to a “fraud boat” in the Philippines. These places usually include dozens BitcoinOr criticism. Many of these workers are employed through criminal rings across patriotism and forced to work against their will, according to what he said United Nations.

The Ministry of Justice was able to determine more than 430 victims linked to the OKX 144 accounts through which the victims’ money was washed. One of these victims, Shan Hans, former CEO of Hartland Trestate in Kansas. In August 2024, it was Hans Heal For 24 years in prison to steal 47 million dollars from his bank’s money to invest in what I think is an opportunity to invest in the cryptocurrency that turned into a fraud.

“These plans are harmful to the American victims, which cost them billions of dollars every year,” Matthew Gallowe, head of the Criminal Inumentary Department, said in a statement.

Cracks in the United States have accelerated over the past five years, according to the latest The annual report On the crime of the Internet from the FBI. From 2023 to 2024, the money lost by the Americans decreased by 66 % to $ 9.3 billion and the number of complaints received by the agency more than twice to nearly 150,000.

The most common crime associated with encrypted currencies was blackmail, or when bad actors treat photos or videos to create frank content and lure victims to send encryption. The second most common type is investment fraud, or when criminals with victims are huge returns if they send them money.

This last category includes Hans, former CEO of the bank. “It was the pig that was slaughtered.” books His lawyer at the time of his judgment. “I have made him expose Mr. Hans to the swine butcher’s plan to make some very bad decisions, and it is really sorry for causing damage to the bank and the loss of shareholders.”