PANews reported on August 31st that Binance announced that in June 2024, Binance worked with Chainalysis, stablecoin issuers, and law enforcement agencies in the Asia-Pacific region to freeze $47 million in illicit funds related to a pig slaughtering scam. These funds were linked to the "pig slaughter" scam, a form of investment and romance scam that has become increasingly global in recent years.