According to Foresight News, the Australian Securities and Investments Commission (ASIC) has announced that it has obtained approval from the Federal Court to shut down 95 companies involved in cryptocurrency investment and online emotional scams. These companies are accused of participating in a "pig butchering" scam scheme, luring victims through fake websites and applications. Currently, nearly 1,500 victims from 14 countries, including Australia, the United States, and India, have filed claims, reporting losses exceeding $35.8 million.
Australian regulators to shut down 95 cryptocurrency scams involving more than $35.8 million
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