India is partnering with Google and Facebook to combat pig butchering scams, which often involve cryptocurrencies being used to lure victims and launder stolen funds. These scams target vulnerable individuals and promise quick and substantial returns. The Indian government, along with tech giants, is working to flag malicious advertisements, detect fraudulent lending apps, and identify phishing campaigns related to these scams. They are also integrating crypto exchanges into a centralized hub to prevent illicit fund flows and conducting cryptocurrency investigation training for police officials. India has been a target for crypto fraud, and authorities are increasing oversight of the unregulated sector. The country's economic intelligence agency has cracked down on high-profile fraud incidents, freezing assets and dismantling fake cryptocurrencies.
- Content Editor ( crypto.news )
- 2025-01-03
India is working with Google and Facebook to tackle crypto pig butchering scams