September 27, 2025
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Elliptic Warns of Industrial-Scale Pig Butchering Scams Laundering Through Crypto

The 2025 Typologies Report Outlines Laundering Tactics, Mule Account Patterns and Cross-Chain Transfers.”, – WRITE: www.coindesk.com

The 2025 Typologies Report Outlines Laundering Tactics, Mule Account Patterns and Cross-Chain Transfers.Updated Sep 26, 2025, 1:45 PM PUBLISHED SEP 26, 2025, 11:40 AM

Pig Butchering, A FORM OF ROMANCE FRAUD IN WHICH VICTIMS Are Groomed Into Sending Money to Fake Crypto Investment Schemes, Has Grown Into A Multibilion-Dollar Industry Elliptic’s 2025 Typologies Report.

The Study Points to Increasely Organized Methods of Laundering Stolen Funds Using Practices That Resemble Professional Financial Operations.

Elliptic’s Investigators Found that Scammers ofFTEN POOL VICTIMS ‘DEPOSITS INTO SELF-HOSTED WALLETS USED ONLY TO CONSOLIDATE AND MOVE FUNDS. From there, The Money Flows Through Chains of Transactions Designed to Obscure Itigin, Sometimes Passing Through Cross-Chain Bridges or Payment Processing Service

A Common Tactic Involves Using Mule Accounts at Regulated Crypto Platforms. TheSe Access Frecal Suspicious Markers Such as Identical Residential Addresses, Repeated IP Logins, and Patterns of Transfers BetWeen Acunts.

Photos Submitted for Compliance Checks SomeTimes Show Operators Working Out of Call Calls or Warehouses in Southeast Asian Countries Where Pig-Butchering Operations.

The Report Underscores That, Unlike Cash-Based Crime, Blockchain Leaves Begind Visible Transaction Trails. This Transparency Gives Regulators and Platforms New Tools to Spot Suspicious Activity Even as Scammers Refine their Methods.

Elliptic Also Warns that Pig Butchering is Only One Piece of a Broader Picture. The Report Also Detailed Howiduals Facing Official Sanctions Are Increasing Turning to Stablecoins for Cross-Border Transactions.

AI Disclaimer: Parts of this Article Were Genered with The Assistance from AI Tools and Review by Our Editory Team to Enseure Accucy and Adhesion To Our Standards. For more information, See Coindesk’s Full Ai Policy.

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