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Finance Complaint List Issues Urgent Guidance on How to Report Pig-Butchering Scams as Global Crypto Fraud Continues to Escalate

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The Finance Complaint List, a global consumer-fraud reporting and monitoring organization, has released a formal public advisory outlining the critical steps individuals should take if they believe they have been targeted by a pig-butchering romance scam.

As global losses tied to cryptocurrency romance-investment fraud continue to mount into the tens of billions of dollars, investigators stress that rapid reporting is often the single most important factor in disrupting criminal networks and potentially recovering stolen funds.

Pig-butchering scams, which combine emotional manipulation with fraudulent cryptocurrency investing platforms, are designed to isolate victims, build long-term trust, and ultimately extract large sums of money through staged digital investment dashboards. Victims are often unaware they are being defrauded until withdrawal attempts are denied or additional “unlock” payments are demanded.

“In many cases, victims wait too long to report the crime,” Finance Complaint List warns. “The first 24 to 72 hours can make a significant difference in whether funds can be traced or frozen.”

The First Critical Step: Stop Communication and Preserve Evidence

Finance Complaint List urges victims to immediately cease all contact with the scammer the moment suspicion arises.

Victims should preserve:

  • Screenshots of all conversations
  • Phone numbers, usernames, and email addresses
  • Cryptocurrency wallet addresses and transaction hashes
  • Wire transfer confirmations
  • Bank statements
  • URLs of fraudulent trading platforms
  • Any identity documents that were shared

Investigators note that cryptocurrency transactions are permanent and publicly recorded on blockchain networks, but tracing them requires precise transaction data. Missing documentation can significantly weaken investigative efforts.

Under no circumstances should victims send additional funds in an attempt to “recover” previous transfers.

Reporting to Federal Authorities

In the United States, victims are urged to file a complaint with the FBI’s Internet Crime Complaint Center (IC3) at www.ic3.gov.

When filing, individuals should include:

  • Exact dates and amounts transferred
  • Cryptocurrency wallet addresses involved
  • Names of exchanges used
  • Screenshots of fake account balances
  • The method of initial contact

According to federal law-enforcement guidance, IC3 aggregates complaints to identify coordinated criminal operations and has, in some cases, enabled multi-million-dollar asset seizures.

Victims are also encouraged to report the scam to the Federal Trade Commission at ReportFraud.ftc.gov, which collects national fraud data used to inform investigations and public alerts.

Contact Financial Institutions Immediately

Finance Complaint List stresses that victims should contact their bank, wire provider, or cryptocurrency exchange as soon as possible.

Although crypto transactions are generally irreversible, financial institutions may:

  • Flag receiving accounts
  • Freeze suspicious exchange wallets
  • Initiate internal fraud reviews
  • File Suspicious Activity Reports

Several recent federal cases have demonstrated that early reporting has allowed authorities to intercept funds before they were fully dispersed across laundering networks.

File a Local Police Report

Even when scams originate overseas, victims should file a report with their local law-enforcement agency.

An official police report can:

  • Provide documentation for tax or insurance purposes
  • Support federal investigative referrals
  • Establish a formal record of the fraud

Finance Complaint List notes that many victims hesitate to report due to embarrassment. However, law enforcement agencies increasingly recognize pig-butchering scams as organized criminal enterprises, not isolated incidents.

Recovery Scams: A Second Wave of Fraud

After victims report their losses, many are targeted again by so-called “recovery specialists” claiming they can retrieve stolen cryptocurrency for a fee.

These secondary scammers often pose as:

  • Blockchain investigators
  • Government officials
  • Attorneys
  • Crypto asset recovery firms

Authorities emphasize that legitimate law-enforcement agencies do not charge upfront fees to recover stolen funds.

Finance Complaint List urges victims to report recovery scam attempts immediately.

When Reporting Makes a Difference

Since 2024, coordinated reporting through federal channels has led to millions of dollars being seized from accounts linked to pig-butchering operations. In several cases, clusters of victim complaints helped investigators identify shared wallet addresses and freeze assets before complete laundering occurred.

However, recovery remains the exception rather than the rule.

Once funds are sent through multiple intermediary wallets and exchanges, often across international jurisdictions, tracing becomes exponentially more difficult.

A Crisis Fueled by Silence

According to federal data, thousands of cryptocurrency investment-fraud complaints are filed each month in the United States alone. Experts believe the true number of victims is significantly higher, as many individuals never report the crime.

Victims often fall between ages 30 and 60 and are frequently described as technologically literate and financially active online. The emotional manipulation embedded in these schemes makes them uniquely devastating.

“These criminals are trained to exploit loneliness, trust, and financial ambition,” Finance Complaint List states. “The longer a victim waits to report, the more sophisticated the laundering trail becomes.”

Warning Signs That Should Trigger Immediate Reporting

Finance Complaint List advises the public to report immediately if an online contact:

  • Introduces cryptocurrency investment opportunities early in the relationship
  • Claims to have insider trading access
  • Promises high, guaranteed returns
  • Requests secrecy from friends or family
  • Requires additional deposits to unlock profits
  • Pressures urgent financial transfers

If these warning signs appear, disengage and report the activity immediately.

Where to Report

Victims in the United States are encouraged to report suspected pig-butchering scams to:

  • FBI Internet Crime Complaint Center: www.ic3.gov
  • Federal Trade Commission: ReportFraud.ftc.gov
  • Local law enforcement
  • Their bank or cryptocurrency exchange

Victims may also document their experience at www.financecomplaintlist.com, where reports are logged to help warn other consumers and identify scam patterns.

As pig-butchering scams continue to expand across digital platforms, Finance Complaint List emphasizes that reporting is not only an individual defense strategy but a collective safeguard against one of the most rapidly growing financial crime networks of the digital era.

The message is clear: if an online stranger is promising romance, wealth, and exclusive cryptocurrency opportunities, immediate reporting may be the most important step you take.

Victims are encouraged to file reports by contacting:

About Finance Complaint List

Finance Complaint List is a financial fraud awareness and investor protection platform headquartered in New York City. The organization enables individuals to file, track, and review complaints involving financial misconduct, investment fraud, and digital scams. By maintaining a transparent, publicly accessible database, Finance Complaint List helps consumers identify risks and avoid fraudulent schemes.

Disclaimer: Finance Complaint List is not a law enforcement agency. All reports are subject to verification and should also be filed with appropriate authorities such as the FBI, SEC, FTC, or IC3.gov.

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Press Release

CMS(867.HK/8A8.SG): Self-Developed INHBE-Targeting siRNA Drug Received IND Approval for Overweight/Obesity

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39 minutes ago

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March 5, 2026

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SHENZHEN, CHINA – China Medical System Holdings Limited (“CMS” or the “Group”) is pleased to announce that self-developed innovative drug INHBE-targeting small nucleic acid drug CMS-D008 injection (“CMS-D008”) received the Drug Clinical Trial Approval Notice issued by National Medical Products Administration (“NMPA”) on 4 March 2026. The NMPA has approved the conduct of clinical trials of CMS-D008 injection for overweight or obese individuals.

About CMS-D008

CMS-D008 is a novel siRNA therapy administered by subcutaneous injection. CMS-D008 targets and reduces the hepatic expression of the inhibin subunit beta E (INHBE) gene and lowers the level of Activin E protein encoded by INHBE, which blocks Activin E-ALK7 signaling and reduces fat accumulation effectively. Preclinical studies suggested that CMS-D008 efficiently and sustainably suppressed INHBE expression. In the diet-induced obesity model, CMS-D008 enhanced weight loss by reducing fat mass while retaining lean mass with a good safety profile. It demonstrates potentially better prospects for high-quality, long-term weight loss that boosts fat-specific loss while preserving muscle mass. In the future, it may be developed for the treatment of overweight/obesity, abdominal obesity, and related metabolic diseases.

Fat Loss, muscle preserved: a potentially better therapeutic option for overweight/obesity

Overweight or obesity is a chronic, progressive, relapsing disease characterized by excessive accumulation or abnormal distribution or function of body fat[1]. World Obesity Atlas 2025 Report projected that the global proportion of overweight and obese adults will rise to 50%, with nearly 3 billion adults impacted by high body mass index (BMI), and the population of adults who are overweight or obese in China is projected to reach 515 million by 2030[2]. Existing GLP-1RAs have been proven to be effective for the treatment of overweight and obesity. The main actions of GLP-1RAs are to suppress appetite by acting on the central nervous system and to delay gastric emptying[3]. INHBE’s novel mechanism of action differs from GLP-1RAs. INHBE is identified through genome-wide association studies. Populations with loss of function in INHBE are associated with favorable fat distribution and beneficial metabolic characteristics[4]. Targeted inhibition of INHBE might be more conducive for long-term weight management at the genetic level with precisely lower visceral fat and favorable metabolic profiles.

CMS-D008 teams up with CMS-D005: highly effective weight loss plus long-term maintenance, building a more comprehensive weight-loss solution

CMS-D008 will synergize with CMS-D005, a self-developed innovative drug currently in clinical development. CMS-D008 reduces fat without sacrificing muscle mass by precisely inhibiting INHBE gene expression; while CMS-D005, as a GLP-1R/GCGR dual agonist, can effectively reduce liver fat while losing weight. The synergy between these two drugs will achieve highly effective weight loss benefits and long-term maintenance of results, jointly enhancing the Group’s R&D capabilities and product competitiveness in the field of obesity/metabolic treatment. Furthermore, leveraging the Group’s mature network resources in the field of cardiovascular and metabolic diseases, the drug’s R&D and commercialization process will be accelerated, providing patients with more comprehensive and innovative treatment options.

The Group is actively preparing to initiate relevant clinical trials and strives to launch the Product as soon as possible.

About CMS

CMS is a platform company linking pharmaceutical innovation and commercialization with strong product lifecycle management capability, dedicated to providing competitive products and services to meet unmet medical needs.

CMS focuses on the global first-in-class (FIC) and best-in-class (BIC) innovative products, and efficiently promotes the clinical research, development and commercialization of innovative products, enabling the continuous transformation of scientific research into clinical practices to benefit patients.

CMS deeply engages in several specialty therapeutic fields, and has developed proven commercialization capabilities, extensive networks and expert resources, resulting in leading academic and market positions for its major marketed products. CMS continues to promote the in-depth development in its advantageous specialty fields, strengthening the competitiveness of the cardiovascular-kidney-metabolic/ gastroenterology/ ophthalmology/ skin health businesses, bringing economies of scale in specialty fields. Among them, the skin health business (Dermavon) has become a leading enterprise in its field, and is proposed to be listed independently on the SEHK. Meanwhile, CMS continuously promotes the operation and development of its integrated R&D, manufacturing and commercialization chain in Southeast Asia and the Middle East, capturing growth opportunities in emerging markets to support the high-quality and sustainable development of the Group.

Reference:

  1. Chinese Society of Endocrinology. Guideline for chronic weight management and clinical practice of anti-obesity medications(2024 version). Chinese Journal of Endocrinology and Metabolism. 2024,40(7):545-564.
  2. World Obesity Federation. World Obesity Atlas 2025. London: World Obesity Federation, 2025. https://data.worldobesity.org/publications/?cat=23
  3. Zhikai Zheng, Yao Zong, Yiyang Ma, Yucheng Tian, Yidan Pang, Changqing Zhang, Junjie Gao. Glucagon-like peptide-1 receptor: mechanisms and advances in therapy. Sig Transduct Target Ther 9, 234 (2024). doi: 10.1038/s41392-024-01931-z
  4. Parsa Akbari, Olukayode A Sosina, Jonas Bovijn, et al. Multiancestry exome sequencing reveals INHBE mutations associated with favorable fat distribution and protection from diabetes. Nat Commun.2022 Aug 23;13(1):4844. doi: 10.1038/s41467-022-32398-7.

CMS Disclaimer and Forward-Looking Statements

This press release is not intended to promote any products to you and is not for advertising purposes. This press release does not recommend any drugs, medical devices and/or indications. If you want to know more about the diagnosis and treatment of specific diseases, please follow the opinions or guidance of your doctor or other medical and health professionals. Any treatment-related decisions made by healthcare professionals should be based on the patient’s specific circumstances and in accordance with the drug package insert.

This press release which has been prepared by CMS does not constitute any offer or invitation to purchase or subscribe for any securities, and shall not form the basis for or be relied on in connection with any contract or binding commitment whatsoever. This press release has been prepared by CMS based on information and data which it considers reliable, but CMS makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this press release. Certain matters discussed in this press release may contain statements regarding the Group’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. Any forward-looking statements and projections made by third parties included in this press release are not adopted by the Group and the Company is not responsible for such third-party statements and projections.

Media Contact

Brand: China Medical System Holdings Ltd.

Contact: CMS Investor Relations

Email: ir@cms.net.cn

Website: https://web.cms.net.cn/en/home/

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Press Release

Oberheiden P.C. Now Offering Nevada Asset Protection Trusts

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55 minutes ago

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March 5, 2026

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United States, 5th Mar 2026 – Oberheiden P.C. is pleased to announce that the firm’s asset protection attorneys are now offering Nevada asset protection trusts to clients nationwide. Nevada asset protection trusts are unique among domestic asset protection trusts (DAPTs) for their flexibility, and they can be powerful tools for insulating high-net-worth individuals’ assets from creditor claims both in and out of court.

According to the firm’s founding attorney, Dr. Nick Oberheiden, “While many high-net-worth individuals are familiar with the benefits afforded by offshore asset protection trusts, far fewer are familiar with the domestic options that are available. The Nevada asset protection trust can be a particularly good option for individuals who want to protect their assets within the United States while also taking advantage of the estate planning, tax planning, and other benefits that domestic trusts can afford.”

Dr. Oberheiden says that forming Nevada asset protection trust can be a particularly good option for several reasons. For example, while a Nevada asset protection trust is a type of irrevocable trust, a grantor (the individual who forms a trust) still has the ability to modify how they hold their assets over time. This distinguishes Nevada law from the laws of many other states. Nevada also has a shorter statute of limitations for creditor claims than most other states (two years in most cases), and Nevada law does not recognize any exception creditors.

“These factors, combined with the relative ease of forming a Nevada domestic asset protection trust, make using a Nevada DAPT a desirable option in a wide range of circumstances—including circumstances in which high-net-worth individuals might otherwise be looking at transferring assets into an offshore trust established in the Cook Islands or another foreign jurisdiction.” Dr. Oberheiden continues, “If you are interested in learning about your options for protecting your wealth from both known and unknown creditors, it will be worth talking to an attorney about whether a Nevada DAPT is a good option for your individual circumstances.”

While forming a Nevada DAPT involves leveraging the benefits afforded under the state’s trust laws, Dr. Oberheiden emphasizes that this is not solely an option for Nevada residents. “When the Nevada legislature adopted the state’s asset protection trust laws, it specifically opened up the possibility of forming a Nevada DAPT to individuals residing across the country. Although there are certain statutory requirements that make it important to work with a Nevada trust company, individuals nationwide can form statutory trusts in Nevada for asset protection purposes.”

Dr. Oberheiden is also quick to emphasize that while forming a Nevada DAPT is a desirable option in many cases, it is important for all high-net-worth individuals to make informed decisions about their asset protection needs based on their individual circumstances. “While forming a Nevada DAPT to protect real property and other assets will make sense for many individuals, it is important to consider the other options that are available as well. A few states offer self-settled spendthrift trust options that will meet individuals’ needs in some cases; and, in other cases, forming an offshore asset protection trust may be necessary to protect assets located around the world.”

“Additionally,” he continues, “limited liability companies and other vehicles can be used for asset protection as well. Purchasing liability insurance can be a cost-effective means of limiting high-net-worth individuals’ personal liability exposure as well. Ultimately, while we are now offering Nevada asset protection trusts, we are still focused on ensuring that we provide each of our clients with a custom-tailored solution focused on their specific risks and needs.”

Dr. Oberheiden says that high-net-worth individuals who are interested in learning about the options for safeguarding their assets in the U.S. and abroad are encouraged to contact the firm for a complimentary initial consultation. “We have a team of highly skilled asset protection attorneys who are committed to helping our clients protect their assets not only in the short term, but also for future generations.” He continues, “If you have questions, one of our attorneys will be more than happy to schedule a call to begin talking through your options in strict confidence.”

Nick Oberheiden, Founding Attorney, 888-680-1745 (Office)

Attorney Advertising – Oberheiden, P.C., is an asset protection law firm headquartered in Houston, TX with a nationwide network of senior attorneys and consultants. The firm’s asset protection attorneys are available to assist clients with Nevada asset protection trusts and other asset protection strategies throughout the United States. The firm’s addresses and contact information can be found at www.federal-lawyer.com/our-locations.

 

Media Contact

Organization: Oberheiden, P.C.

Contact Person: Nick Oberheiden, Founding Attorney

Website: https://federal-lawyer.com/asset-protection/

Email: Send Email

Contact Number: +18886801745

Country:United States

Release id:42208

Disclaimer: This press release is provided for general informational purposes only and does not constitute legal, financial, or professional advice.

The post Oberheiden P.C. Now Offering Nevada Asset Protection Trusts appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section

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Press Release

SPL VPN Announces AI-Driven Architectural Shift to Replace Manual Server Routing

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1 hour ago

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March 5, 2026

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Dubai, UAE, 5th March 2026, ZEX PR WIRE, SPL VPN has announced an architectural transition to an AI-driven routing engine, effectively automating global server selection for its two million users. The shift replaces traditional manual configurations with a proprietary protocol designed to eliminate connection guesswork and latency issues.

As digital privacy requirements evolve, SPL VPN is prioritizing usability through a system that analyzes network congestion, ISP throttling, and packet loss in real-time. This “zero-touch” approach automatically builds optimized routes for specific traffic types, such as streaming or secure browsing, without user intervention.

The update features predictive reconnection technology, allowing the infrastructure to anticipate node failures and switch paths before a connection drop occurs. This technical advancement is reflected in the platform’s new adaptive interface, which simplifies the experience for over 500,000 daily active users by removing legacy server lists.

“The future of connectivity is a seamless layer that functions before the user identifies a need for it,” stated the Head of Product at SPL. “After eight years of development, we are moving beyond the industry’s traditional ‘server-count race’ toward a model of delivery intelligence.”

Established in 2018, SPL VPN has consistently combined encryption standards with emerging AI research. This latest expansion strengthens the company’s position as a utility-focused provider for the modern web, offering a faster and more intuitive framework for global digital security.

About SPL VPN

SPL VPN is a global provider of digital privacy solutions. Established in 2018 in Singapore, the company utilizes AI-driven routing and military-grade encryption to provide secure, high-performance internet access for over 2 million users worldwide.

Website: https://splvpn.com/

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