Binance has assisted Southeast Asian law enforcement agencies in freezing nearly $50 million in funds from a "pig-killing" scam.

Binance, in collaboration with Chainalysis, stablecoin issuers, and Southeast Asian law enforcement agencies, has successfully helped freeze nearly $50 million in funds linked to a "pig-killing" scam. The scam operated from November 2022 to July 2023. Chainalysis tools tracked the transactions of dozens of victims and ultimately targeted five suspicious wallets holding approximately $47 million in USDT.