PANews reported on April 8 that according to the official website of the Australian Securities and Investments Commission (ASIC), ASIC successfully applied to the Federal Court to close 95 companies suspected of involvement in investment and "pig-butchering" scams, most of which were registered with false information and committed fraud through imitated trading platforms. These companies were involved in digital asset, foreign exchange, and commodity investment scams, with some using stolen identities for registration. ASIC stated that such scams are like a "hydra," where removing one may lead to two more emerging, and they are still removing over 130 fraudulent websites weekly. ASIC calls on the public to be vigilant and prevent online investment and identity fraud risks.