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Australia shuts down 95 companies linked to pig butchering crypto scams

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Australia shuts down 95 companies linked to pig butchering crypto scams.

Disguised as genuine platforms, these companies lure investors into investing in fraudulent crypto platforms.

The move aims to tackle the growing issue of crypto scams and fraudulent activities masquerading as legitimate companies.

The Federal Court of Australia signaled a green light to the securities watchdog to wind down the companies.

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