$15 Billion crypto seizures, SouthEast Asia scam compounds with thousands of victims and the life savings of hard working professionals being wiped out by transnational criminal organizations. In this episode, Andrew Fierman (Head of National Security Intelligence, Chainalysis) and Erin West (Founder, Operation Shamrock), don’t hold back in sharing the nuances of pig butchering, national security and everything to do with crypto sanctions and victim support.
Erin describes the comprehensive scam strategies and shares her perspective as she travels the world and investigates steps away from some of the biggest scam compounds the industry has ever seen.
Andrew emphasizes the enormous scale of financial operations linked to illicit activities, evidenced by the staggering figures tied to entities like Huione and Prince Group and the importance of cross-sector collaboration and proactive regulatory measures in mitigating these threats.
Through real-life anecdotes and expert analysis, the episode provides listeners with a deeper understanding of the complexities and ongoing efforts to combat transnational organized scam networks.
Minute-by-minute episode breakdown
2 | Introduction: Crypto Natsec and Pig Butchering
4 | Erin's Background in High Tech Crime
8 | Understanding Pig Butchering Scams
15 | Global Collaboration Against Organized Crime
18 | Gift Cards as a Money Laundering Tool
22 | Southeast Asia Scam Compounds
27 | Chen Zhi and Prince Group’s Sanction Analysis
30 | Practical Advice on How Anyone Can Combat Pig Butchering
33 | Closing Thoughts and Resources
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