[Binance Assists in Freezing $47 Million in 'Pig Butchering' Scam Investigation in the Asia-Pacific Region] Binance announced that in June 2024, it collaborated with Chainalysis, stablecoin issuers, and law enforcement agencies in the Asia-Pacific region to freeze $47 million in illicit funds related to a pig butchering scam. These funds are connected to 'pig butchering' schemes, a form of investment and romance scam that has become increasingly globalized in recent years.