Public Key

Investigating the World of Pig Butchering And Crypto Scams


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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)
  • This website may contain links to third-party sites that are not under the control of Chainalysis, Inc. or its affiliates (collectively “Chainalysis”). Access to such information does not imply association with, endorsement of, approval of, or recommendation by Chainalysis of the site or its operators, and Chainalysis is not responsible for the products, services, or other content hosted therein.

    Our podcasts are for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions. Chainalysis has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material.

    Chainalysis does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material. 

    Unless stated otherwise, reference to any specific product or entity does not constitute an endorsement or recommendation by Chainalysis. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. Views and opinions expressed by Chainalysis employees are those of the employees and do not necessarily reflect the views of the company. 

     

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    Public KeyBy Chainalysis

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