Day: 8 April 2025

Australian Court Approves Shutdown of 95 ‘Hydra’ Companies Linked to Crypto and Romance Scams

In a significant crackdown on scam operations, the Federal Court of Australia has approved the winding up of 95 companies suspected of running elaborate crypto investment and romance scams, commonly known as “pig butchering” schemes. The decision followed an application by the Australian Securities and Investments Commission (ASIC), which alleged ...

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