'Pig Butchering' Scheme Took Down Small Bank, Fed IG Says

By Aislinn Keely (February 12, 2024, 11:10 PM EST) -- The July collapse of a Kansas community bank appears tied to a type of crypto scam known as pig butchering, enabled by a failure of internal controls that allowed its former CEO to allegedly siphon off enough money to force the bank's closure, according to a new report by a bank regulatory watchdog....

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