US Prosecutors Charge Vietnamese National in $53M Crypto 'Pig Butchering' Scam

U.S. prosecutors have charged 37-year-old Vietnamese national Trung Nguyen Van with money laundering related to "pig butchering" investment scams. Authorities allege that wallets controlled by the defendant processed approximately $53.3 million in illicit funds linked to fraud schemes targeting U.S. victims. One victim reportedly lost about $16 million after being directed to a fraudulent platform called Triangle. The defendant faces two counts of money laundering in the Western District of Missouri.