Investigating the World of Pig Butchering And Crypto Scams

Investigating the World of Pig Butchering And Crypto Scams

Pig Butchering is one of the leading crypto-related scams in the world with scammers monopolizing on the $2 billion scheme. 

In this episode, host Ian Andrews (CMO, Chainalysis) speaks to Detective Matthew Hogan (Connecticut State Police) who is on the front lines tracing crypto and combating pig butchering and other crypto crimes.  Detective Hogan talks about the evolution of crypto scams, the challenges law enforcement faces in investigating these cases, and the recent Digital Assets legislation in Connecticut regarding crypto kiosks.

He also shares his experiences in conversing with scammers to gather evidence and better protect consumers, while highlighting the importance of collaboration between law enforcement agencies and crypto exchanges. 

He even talks about emerging traditional schemes that scammers are going back to in the wake of crypto crime crackdowns. 

Minute-by-minute episode breakdown

• (2:35) - Detective Matthew Hogan's first law enforcement  experience with cryptocurrency
• (5:04) - Experience engaging scammers in pig butchering and other investment schemes
• (9:35) - Legislation in Connecticut regarding crypto kiosks and its implications
• (13:06) -Challenges in getting crypto ATM operators to protect consumers
• (16:05) - What got left out of Connecticut's Digital Assets Act 
• (18:02) - Sourcing, training and recruiting top crypto talent for law enforcement 
• (21:05) - Uptick in cheque fraud and other postal related scams and robberies 
• (24:37) - Highlighting Erin West and the REACT Task Force work in national and international investigations 

Related resources

Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key.

• Website: Connecticut State Department of Emergency Services and Public Protection
• Regulation: State of Connecticut: An Act Concerning Digital Assets
• LinkedIn Post: Matthew engaging with pig butchering scammers via phone 
• Website: REACT Task Force
• Podcast: Public Key Ep. 45: How Law Enforcement is Combating Pig Butchering Crypto Scams (with Erin West and Alona Katz)
• Announcement: Chainalysis partners with Hypernative for real-time security and incident response
• YouTube: Chainalysis YouTube page 
• Twitter: Chainalysis Twitter: BuildCareers at Chainalysising trust in blockchain
• Tik Tok: Building trust in #blockchains among people, businesses, and governments.
• Telegram: Chainalysis on Telegram 

Speakers on today’s episode

• Ian Andrews * Host * (Chief Marketing Officer, Chainalysis) 
• Detective Matthew Hogan (Connecticut State Police)

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