Singapore Police Dismantle Pig Butchering Ring Targeting Binance Users

Singapore authorities arrested 22 people linked to a pig butchering syndicate that targeted victims across Southeast Asia. Criminals built relationships on dating apps, then pushed fake trading dashboards showing fabricated Binance-linked profits. Withdrawals required additional 'tax' payments. Investigators seized phones, laptops, and ledgers showing $12M in victim flows through mule accounts and Binance P2P channels.