China releases three-part documentary on pig butchering
- —Nearly 100,000 law enforcement officials are deployed against the syndicates
- —Over 50,000 Chinese nationals extradited, tens of thousands still held captive
- —Four major syndicates dismantled: the Bai, Wei, Liu and Ming families
- —Scam centers in Myanmar are city-sized and employ thousands of armed militia
Why it matters: Pig butchering remains a major source of illicit crypto flows, and cracking down on the syndicates affects laundering volumes routed through exchanges.
Source: Protos