U.S. DOJ Charges Four Individuals in $80M Crypto Scam Laundering Operation
The US Justice Department has filed a lawsuit against four people—Lu Zhang, Justin Walker, Hailong Zhu, and Joseph Wong—for allegedly laundering more than $80 million from crypto scams. The accused, who lived in California and Illinois, used sophisticated techniques to launder money obtained through fraudulent crypto activities. At the heart of their strategy is a deceptive scheme known as the ‘pig butchering scam.’ This elaborate ruse entails creating fake romantic