The US Securities and Exchange Commission (SEC) has taken its first action against crypto pig butchering" scams. The SEC charged two supposedly fake crypto exchanges, NanoBit and CoinW6, with fraud....The post SEC Takes Aim at Pig Butchering Scams: Two Crypto Exchanges Charged appeared first on The Tech Report.

41-year-old Daren Li, a dual citizen of St. Kitts and Nevis and China, pleaded guilty to laundering $73 million stolen through crypto scams.US prosecutors accused Li of taking part in crypto investment scams, including pig butchering, which raked millions from victims.Li admitted to helping open US-based accounts under shell companies through which they laundered the stolen funds.The post Man Pleads Guilty for His Role in Laundering Crypto in $73 Million Scam appeared first on Techreport.