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enca.com
· 2026-09-11
Six Nigerian men believed to be members of the Black Axe organized crime network were extradited to the United States for allegedly defrauding over 100 American women of more than R100 million (approximately $5.4 million USD) through a sophisticated online romance scam. The suspects, arrested in South Africa in 2021, used fake identities and fabricated online relationships on dating websites and social media to gain victims' trust before stealing money from pensioners and businesspeople. They now face multiple charges in the US and are in custody of Interpol and the FBI.
arise.tv
· 2026-09-11
Six Nigerian nationals arrested in South Africa in 2021 are being extradited to the United States for operating a romance scam that defrauded over 100 women of more than R100 million (approximately $5.4-6.7 million USD). The suspects, alleged members of the Black Axe network, face charges of wire fraud and money laundering and were handed over to FBI and US Secret Service officials for transport to the US.
ntvkenya.co.ke
· 2026-09-11
Six Nigerian members of the Black Axe organized crime network were extradited from South Africa to the United States to face charges including wire fraud and money laundering related to romance scams. The men allegedly defrauded more than 100 women in the US, including pensioners and businesspeople, of over 100 million rand ($6.2 million) through online romance schemes. The suspects were arrested in South Africa in 2021 and handed over to US FBI and Secret Service officials.
thecable.ng
· 2026-09-11
Six Nigerian nationals, alleged members of the Black Axe criminal network, have been extradited from South Africa to the United States to face wire fraud and money laundering charges related to a romance scam that defrauded over 100 women of approximately R100 million (roughly $5.4 million USD). The suspects were arrested in South Africa in 2021 and handed over to FBI and US Secret Service officials for prosecution in the United States.
persecondnews.com
· 2026-09-11
Six Nigerian nationals were extradited from South Africa to the United States for orchestrating romance scams that defrauded over 100 American women of approximately R100 million. The suspects, linked to the Black Axe network, used fake online relationships to drain victims' savings and face charges of wire fraud and money laundering. The men were arrested in South Africa in 2021 and extradited after years in custody through collaboration between South African law enforcement, INTERPOL, the FBI, and US Secret Service.
chronicle.ng
· 2026-09-11
Six Nigerian members of the Black Ax criminal network were extradited from South Africa to the United States to face wire fraud and money laundering charges for operating online romance scams targeting over 100 women. The suspects allegedly defrauded their victims of more than R100 million (approximately $5.4 million USD) through fake romantic relationships. The extradition, facilitated by South African Hawks and INTERPOL, was handed off to FBI and US Secret Service officials at Cape Town International Airport.
apanews.net
· 2026-09-11
Six Nigerian nationals accused of orchestrating an international romance scam targeting over 100 women in the United States are being extradited from South Africa to face US charges of wire fraud and money laundering. The suspects allegedly defrauded victims of more than R100 million (approximately $5.4 million) by building trust through fake online relationships before manipulating them into sending money under false pretenses. The men were arrested in South Africa in 2021 and are linked to organized crime group "Black Axe."
thenicheng.com
· 2026-09-11
Six Nigerian nationals were extradited from South Africa to the United States to face wire fraud and money laundering charges for allegedly defrauding more than 100 women through online romance scams, stealing over R100 million (approximately $5.4 million USD). The suspects, arrested in South Africa in 2021 and allegedly affiliated with the Black Axe organized crime network, were handed over to FBI and US Secret Service officials at Cape Town International Airport. The extradition represents a coordinated effort between South African law enforcement and international partners to combat transnational organized crime.
graphic.com.gh
· 2026-09-11
Six Nigerian members of the Black Axe crime syndicate are being extradited from South Africa to the US to face wire fraud and money-laundering charges for orchestrating romance scams that targeted over 100 American women and defrauded them of more than $6 million. The group, arrested in 2021, used sophisticated online relationships to con victims including pensioners and businesspeople out of their money. Black Axe is a Nigerian mafia-style organization operating globally and known for human trafficking, internet fraud, and violence.
guardian.ng
· 2026-09-11
Six Nigerian men were extradited from South Africa to the United States to face prosecution for an alleged romance scam that defrauded over 100 women of more than $5 million through fake online relationships. The suspects, arrested in South Africa in 2021, targeted pensioners and businesspeople, and are also accused of wire fraud, money laundering, and membership in the Black Axe criminal network. The extradition was coordinated by South African authorities, Interpol, the FBI, and US Secret Service.
the-star.co.ke
· 2026-09-11
Six Nigerians accused of romance scams targeting over 100 women in the US, defrauding them of more than $6 million, are being extradited from South Africa to face wire fraud and money-laundering charges. The suspects, arrested in 2021 and believed to be members of the Black Axe crime syndicate, used sophisticated online relationships to defraud victims including pensioners and businesspeople. They will be handed over to FBI and US Secret Service officials for prosecution in the United States.
taylorvilledailynews.com
· 2026-09-11
Six Nigerian nationals arrested in Cape Town in 2021 are being extradited to the United States to face wire fraud and money laundering charges for operating romance scams that defrauded over 100 American women of more than $6 million. The men, affiliated with the Black Axe criminal network, targeted pensioners and businesspeople through sophisticated online relationships. Their extradition follows broader Interpol operations against West African organized crime groups involved in cyber-enabled financial fraud.
cnn.com
· 2026-09-11
Six Nigerian nationals arrested in Cape Town in 2021 are being extradited to the US to face wire fraud and money laundering charges for their involvement in romance scams that defrauded over 100 American women of more than $6 million. The men are allegedly part of the Black Axe criminal network, which is known for cyber-enabled financial fraud targeting victims through fake online relationships. Among the victims were pensioners and businesspeople who were deceived through sophisticated online schemes.
huffingtonpost.co.uk
· 2026-09-11
British consumers face rapidly escalating AI-powered fraud threats, with 75% now worried about AI scams and investment fraud up 40% year-on-year in 2025, as criminals use deepfake technology to impersonate loved ones and celebrities in romance and investment schemes. Over four million fraud cases were reported in the UK in 2025, resulting in £1.3 billion in losses, prompting authorities to launch the "Take Five" campaign encouraging people to verify unexpected requests for money or personal information before acting.
enca.com
· 2026-09-11
A group of Nigerian nationals accused of operating a sophisticated romance-scam network from South Africa are being extradited to the United States to face charges including wire and mail fraud, money laundering, and identity theft. The scammers posed as romantic partners to build relationships with victims online, then solicited money, laptops, phones, and other valuables by fabricating emergencies such as muggings, construction accidents, or legal fees, with the operation allegedly linked to the Nigerian organized-crime group "Black Axe." After arrests in South Africa in 2021 and years of legal battles, South African courts approved the extradition in 2024, with the suspects being handed over to US authorities on Friday.
yahoo.com
· 2026-09-10
An elderly woman lost $1 million to a romance scammer she met online after her husband's death, and her family is struggling to prevent additional losses as she continues communicating with two other suspected scammers whom she refuses to believe are fraudulent. The family is seeking ways to monitor her finances without taking control of her accounts, and experts recommend consulting an elder law attorney, filing police reports, contacting protective services, and alerting banks to flag suspicious activity. Romance scams targeting grieving seniors can devastate retirement savings and leave victims vulnerable to secondary fraud schemes offering fake money recovery services.
stgeorgeutah.com
· 2026-09-10
Since 2020, Utahns have lost nearly $450 million to scams and financial crimes, with losses reaching $108.4 million in 2025 alone. Utah Attorney General Derek Brown launched the Utah Financial Crimes Intelligence Center, a statewide team of investigators, prosecutors, and financial analysts designed to identify fraud patterns, connect related cases, and investigate crimes spanning multiple jurisdictions. The center will coordinate investigations involving identity theft, romance scams, elder fraud, cryptocurrency schemes, and other financial crimes while providing training and resources to law enforcement and financial institutions.
thepaypers.com
· 2026-09-10
Romance-investment scam networks operating from Southeast Asia are rapidly dispersing to Sri Lanka, the Middle East, and West Africa when enforcement pressure increases, as seen after Cambodia's 2026 crackdown that closed 190 suspected centers but left criminal infrastructure intact. Banks must shift from country-based risk assessments to network-focused monitoring, as scam operations function as modular supply chains with replaceable components including fake trading platforms, payment accounts, and money mules that can quickly relocate across jurisdictions. Financial institutions need international coordination to disrupt these portable criminal networks rather than simply detecting isolated suspicious transactions or applying blanket country risk labels.
coingeek.com
· 2026-09-10
U.S. Bancorp launched its dollar-backed stablecoin (USBDC) on the Stellar network following a successful pilot cross-border payment transaction between North America and Europe, positioning it for institutional use cases in treasury operations and asset tokenization. Meanwhile, Circle acquired Singapore-based B2B payments firm Tazapay for $400 million in an all-stock deal to expand stablecoin payment infrastructure across Asia, where Tazapay already processes over $25 billion in annualized payment volume with approximately 60% involving stablecoins.
gulfnews.com
· 2026-09-10
US authorities are escalating efforts to combat scam operations based in Southeast Asia that steal billions of dollars annually from Americans, with the Treasury Department sanctioning Xinbi Guarantee, a Chinese-language financial platform that facilitated money laundering and cryptocurrency scams. American losses to Southeast Asia-based scams totaled at least $10 billion in 2024, with schemes including "pig-butchering" romance and investment frauds operated from Cambodia, Myanmar, and Laos through transnational criminal networks. The crackdown involves coordinated Treasury sanctions, Justice Department infrastructure seizures, and a multi-agency Scam Centre Strike Force targeting criminal leaders, recruitment networks, and the financial infrastructure enabling these operations.
thecooldown.com
· 2026-09-10
An elderly woman lost $1 million to a romance scam after meeting someone online following her husband's death, and she continues communicating with two additional men she refuses to believe may also be scammers. Her family sought advice on how to monitor her finances to prevent further losses, with experts recommending they consult an elder law attorney, report the fraud to banks and authorities, and implement banking alerts. Romance scams targeting grieving seniors can devastate retirement savings and leave victims vulnerable to secondary fraud schemes offering recovery services.
moneytalksnews.com
· 2026-09-10
Victims of retirement account scams face a devastating tax trap: when con artists drain IRAs or 401(k)s, the IRS still demands income tax on the stolen money, with the 2025 tax law making this rule permanent and eliminating most theft-loss deductions. Elderly victims like a 57-year-old who lost $675,000 to a romance scammer face tax bills exceeding $225,000 on money they never received, while the IRS only allows deductions for specific scam types, leaving most fraud victims with both their financial loss and massive tax liability.
en.yna.co.kr
· 2026-09-10
Thai police arrested 12 South Korean nationals and 1 Chinese national operating a voice phishing call center in Samut Prakan Province, where they targeted South Korean victims by impersonating prosecutors and government officials to trick them into transferring money. Police discovered call center equipment, computers, mobile phones, phishing scripts, and a list of South Korean victims at the luxury house operation. The suspects had illegally entered Thailand and are suspected of involvement in organized voice phishing scam crimes.
en.sedaily.com
· 2026-09-10
Thai police arrested 12 South Koreans and one Chinese national operating a voice phishing call center in a luxury home near Bangkok, where they impersonated prosecutors and government officials to defraud South Korean victims by falsely claiming they were under criminal investigation and demanding money transfers. Investigators seized call center equipment with 13 VoIP-equipped workstations, computers, mobile phones, call scripts, and lists of personal information on South Korean victims along with forged official documents. This operation is part of a broader organized crime problem in Thailand, where approximately 40 members of voice phishing rings from South Korea and China have been arrested since 2015, with one recent case involving $790,000 in laun
abc6onyourside.com
· 2026-09-10
Ohio Attorney General Andy Wilson launched a new hotline (1-855-961-SCAM) to help residents recognize and report romance scams, which have become increasingly sophisticated with the use of artificial intelligence and deepfakes. The dedicated line connects reports to forensic investigators with the Ohio Bureau of Criminal Investigations, while experts recommend using reverse image searches and looking for inconsistencies in scammers' photos and stories to identify potential frauds.
notebookcheck.net
· 2026-09-10
Two Thai businessmen sued Tether over $42.4 million in frozen USDT tokens, alleging the assets were frozen following an informal law enforcement request without a warrant, leading Senator Cynthia Lummis to argue that current legal gaps discourage crypto companies from cooperating with law enforcement to combat illicit finance. The disputed funds are connected to a broader Department of Justice investigation involving over $61 million in USDT allegedly stolen through pig-butchering investment scams. Lummis advocates for Section 305 of the proposed Digital Asset Market CLARITY Act to provide legal protection for exchanges and stablecoin issuers when they freeze suspected criminal assets.
therecord.media
· 2026-09-10
Treasury's Financial Crimes Enforcement Network released a study analyzing over 33,000 cyber fraud reports filed between September 2023 and December 2025, revealing that approximately $12.7 billion was stolen from Americans through cryptocurrency investment scams involving overseas criminal organizations. The scams, which employ manipulative tactics like romantic deception and fake financial advice, disproportionately targeted victims who liquidated retirement accounts and took out loans to invest in fictitious digital asset schemes, with cryptocurrency firms detecting $5.5 billion and traditional banks detecting $6.4 billion in suspected fraud. The Treasury urged financial institutions to improve reporting and vigilance as scam activity rates increased nearly 11% monthly, with victims spanning
altcoinbuzz.io
· 2026-09-10
The U.S. Department of Justice restrained $52.8 million in cryptocurrency linked to Xinbi Guarantee, a Chinese-language illicit marketplace that facilitated scams, money laundering, and fraud operations generating at least $24 billion in transactions since 2022. The action included seizure of Xinbi's Telegram infrastructure, Treasury sanctions designating it as a transnational criminal organization, and freezing of 52 cryptocurrency wallets used by the marketplace and its vendors. Xinbi reportedly responded by converting approximately $2.8 million into USDD stablecoin to avoid centralized asset freezes, highlighting how blockchain analytics enabled authorities to target the financial infrastructure supporting industrialized online
ground.news
· 2026-09-10
A new scam known as "pig butchering" is spreading on messaging apps including Telegram, WhatsApp, and Instagram, according to warnings from Pakistan's FATA Police. The scam involves fraudsters using these platforms to build trust with victims before exploiting them financially. No specific financial losses or victim numbers were detailed in the available report.
vinnews.com
· 2026-09-09
Federal authorities shut down Xinbi Guarantee, a Chinese-language Telegram marketplace with over 650,000 users that sold tools and services to support "pig butchering" cryptocurrency fraud schemes, money laundering, and human trafficking operations targeting Americans. The enforcement action froze more than $52 million in cryptocurrency across multiple wallets and resulted in coordinated international operations that dismantled 13 scam compounds in Madagascar, arrested nearly 400 people, and seized over 3,200 devices. Americans lost $8.65 billion to cryptocurrency investment scams in 2025, with many operations relying on trafficked workers held in Southeast Asian compounds forced to run romance and investment cons.
crowdfundinsider.com
· 2026-09-09
The US and UK signed a landmark memorandum of understanding on September 3, 2026, to jointly combat industrial-scale cryptocurrency fraud, particularly "pig-butchering" romance and investment scams operated from compounds in Southeast Asia. These scams cost Americans approximately $10 billion annually, with reported cryptocurrency fraud losses to the FBI jumping 89 percent from $4.57 billion in 2023 to $8.65 billion in 2025. The coordinated effort will involve parallel investigations, shared intelligence on syndicate operations, and joint disruption activities targeting the criminal networks often tied to Chinese organized crime and forced labor trafficking.
root-nation.com
· 2026-09-09
Pig butchering crypto scams caused Americans to lose $9.3 billion in 2024, with $5.8 billion attributed to pig butchering schemes alone—a 66% increase from the prior year—while Missouri residents reported $88 million in fraud losses in 2023. These scams typically begin with unsolicited contact that builds trust before introducing fraudulent trading opportunities, leading victims to transfer savings into platforms displaying fabricated profits. Legal action and evidence preservation, including blockchain records and communications, may help victims recover losses by identifying responsible parties such as fraudsters, cryptocurrency platforms, and payment processors.
odaily.news
· 2026-09-09
Southeast Asian criminal organizations use cryptocurrency, primarily USDT, as the central payment method for an industrialized fraud and trafficking network that includes "pig butchering" scams, human trafficking, online gambling, and money laundering. The operation functions as an assembly line with specialized service providers handling recruitment, target identification through illegally obtained personal data, website construction, social engineering, and cash-out services, with cryptocurrency guarantee platforms acting as intermediaries. Telegram groups openly facilitate transactions including the buying and selling of trafficked people (priced in thousands to tens of thousands of USDT) and the sale of illegally obtained personal information obtained from corrupted insiders in government and financial institutions.
cigaraficionado.com
· 2026-09-09
Chen Zhi, a Chinese billionaire and owner of 50% of Habanos S.A. (the worldwide distributor of Cuban cigars), was indicted by the U.S. Department of Justice in October 2025 for operating "pig butchering" scam compounds across Cambodia that stole billions of dollars through wire fraud and money laundering schemes involving forced labor and human trafficking. Following U.S. and EU sanctions against Zhi and his Prince Holding Group, the official Cuban cigar distributor for Germany, Austria, and Poland halted all shipments to retailers in those regions, disrupting supply in markets already facing global shortages. Zhi, now imprisoned in China and facing
wfmz.com
· 2026-09-09
A 63-year-old Lebanon County woman lost approximately $384,000 and hundreds of Apple gift cards in a romance scam after meeting a scammer posing as an up-and-coming country music star on TikTok in February 2026, with communications moving to Telegram. The scammer repeatedly asked for money to advance his music career and instructed the victim to keep their relationship secret, but the fraud was discovered when her children became aware of it. Pennsylvania State Police are investigating the scheme and remind the public to never send money or gift cards to online contacts and to verify identities before sharing personal or financial information.
legalreader.com
· 2026-09-09
A Nigerian man, Oluwasegun Baiyewu, was sentenced to 95 months in federal prison for laundering over $3.1 million obtained through fraud schemes targeting U.S. people and businesses, including romance scams, unemployment insurance fraud, and business email compromises. Between May 2020 and October 2021, Baiyewu worked with at least six others to convert stolen funds into used vehicles that were exported to Nigeria, with one notable transaction involving a Puerto Rican renewable energy company losing $280,000 through a business email compromise scam. The group used encrypted messaging services to coordinate the movement of fraud proceeds and coordinate purchases made with the stolen money.
themarysue.com
· 2026-09-09
This article discusses a TikTok video by creator Ember Spies showing a scripted scenario where a man arrives at a woman's house with a suitcase after one date, expecting to move in, which has sparked debate about dating safety and boundary-setting. While the video is entertainment designed to highlight red flags, it reflects growing anxiety about online dating safety and has led to increased use of background-check platforms like Stud or Dud. The article notes that romance scams, such as one involving an imposter posing as an NFL player, have made verification of potential dates' identities a modern dating concern.
yahoo.com
· 2026-09-09
Ohio has launched a statewide initiative to combat romance scams targeting older residents, which exploit trust while stealing money through tactics including AI-generated photos, deepfake videos, and synthesized voices. Scammers typically pose as overseas workers on dating sites or create fake investment opportunities and military romance schemes to manipulate victims into sending money or sharing personal information. Residents can report suspected romance scams to the Romance Imposter Scams Forensic Initiative hotline at 855-961-7226.
whio.com
· 2026-09-09
Ohio has launched a statewide initiative to combat romance scams targeting older residents, establishing a dedicated hotline (855-961-SCAM) for reporting suspected fraud and identifying patterns across jurisdictions. Scammers increasingly use AI-generated photos, deepfake videos, and synthetic voices to deceive victims, making it difficult to verify authenticity through visual or audio evidence alone. The Ohio Attorney General's Office emphasizes that romance scams are particularly devastating because they exploit trust and steal more than just money from vulnerable older Ohioans.
japantimes.co.jp
· 2026-09-09
Thai authorities arrested 12 South Koreans and 1 Chinese national operating a call center from a luxury house south of Bangkok that targeted South Korean victims through phone scams impersonating prosecutors and government officials. The scammers used VoIP phones, computers, and forged documents to trick victims into transferring money, and police discovered call center equipment with 13 workstations and lists of South Korean victims at the location. This bust is part of an ongoing crackdown on organized scam operations in Southeast Asia, which have defrauded victims globally of billions of dollars annually.
wfmz.com
· 2026-09-09
A 63-year-old Lebanon County woman lost approximately $400,000 in a romance scam after meeting someone on TikTok who claimed to be an aspiring country music star and later requested money via the Telegram app. The scammer repeatedly instructed the victim not to tell family or friends about the relationship, a common manipulation tactic, though her children eventually discovered the fraud. Pennsylvania State Police are investigating the case and reviewing financial records to identify the accounts and individuals involved.
facebook.com
· 2026-09-09
A South Carolina man used AI-generated images and voice-changing technology to catfish a victim into getting engaged, exploiting deepfake technology to impersonate someone in a romantic relationship. The perpetrator deceived the victim into believing they were engaged to a person they had never met in person and allegedly convinced them to lend out a vehicle based on the fraudulent relationship.
legit.ng
· 2026-09-09
Nigerian national Egbe Tony Iyamu has been placed on the U.S. Secret Service's most wanted list for his alleged involvement in internet fraud schemes between 2011 and 2021, including romance scams, advance fee schemes, and business email compromise operations, while also allegedly serving as "Chief Butcher" of the Black Axe organization's Cape Town chapter. Iyamu, born April 20, 1986, is the only Nigerian among 32 fugitives currently on the Secret Service's wanted list and used aliases "Lord Aminu Kano" and "Richard Amali" during his criminal activity.
facebook.com
· 2026-09-09
A 63-year-old woman from Lebanon County lost at least $384,000 in a romance scam after meeting someone on TikTok who convinced her to send money via Apple gift cards. The scammer, who was outside the United States, was reported to Pennsylvania State Police, though authorities indicate recovery efforts are unlikely given the perpetrator's location.
straitstimes.com
· 2026-09-09
Singapore passed new anti-scam legislation on September 9, 2026, making it illegal to provide personal details for creating online accounts or to supply accounts on platforms like Carousell, TikTok, Telegram, and Meta to criminals, with convicted online account mules facing up to three years imprisonment, fines up to $10,000, and potential caning. The law also significantly increased penalties for non-compliant online service providers, raising maximum fines from $1 million to $10 million, as scam victims in Singapore lost $410.6 million in the first half of 2026 alone.
kcra.com
· 2026-09-09
A 63-year-old Pennsylvania woman lost at least $384,000 in a romance scam after meeting someone on TikTok who impersonated an up-and-coming country music star and convinced her to move their conversations to Telegram. The scammer repeatedly requested money for his music career and pressured the victim to keep the relationship secret from her family, who eventually discovered the fraud. The scam highlights how predators target emotionally vulnerable individuals by building trust before requesting funds, often through gift card purchases to obscure transactions.
wesh.com
· 2026-09-09
A 63-year-old Pennsylvania woman lost at least $384,000 in a romance scam after meeting someone on TikTok who posed as an up-and-coming country music star and convinced her to move conversations to Telegram. The scammer persuaded the victim to send money and purchase hundreds of Apple gift cards over several months, with the scheme only discovered when her children became involved. Romance scams like this typically target emotionally vulnerable individuals, including widows, widowers, and lonely people across various age groups.
cryptobriefing.com
· 2026-09-09
On September 9, 2026, the DOJ's Scam Center Strike Force froze approximately $52 million in cryptocurrency laundered through Xinbi Guarantee, a Chinese-language Telegram marketplace for fraud infrastructure, while simultaneously dismantling 13 scam compounds in Madagascar operated by traffickers running "pig butchering" schemes. The operation resulted in 400-500 arrests and involved forced labor victims coerced into executing fraud scripts after being trafficked under false employment promises. The restraint represents part of the Strike Force's ongoing efforts, which have accumulated $938 million in frozen or seized scam-related assets since its launch in November 2025.
therecord.media
· 2026-09-09
The U.S. government disrupted Xinbi Guarantee, a Chinese-language Telegram marketplace that processed at least $24 billion in illicit transactions facilitating cyber scams, money laundering, and human trafficking. The Treasury Department sanctioned the platform and two supporting businesses while seizing $52.8 million from 52 wallets connected to the marketplace, which offered crime-as-a-service vendors tools ranging from stolen data to deepfake technology. The action represents a major blow to Southeast Asian cybercriminal networks, though authorities expect the platform may attempt to rebuild on alternative blockchain systems.
finance.biggo.com
· 2026-09-09
Tether froze approximately $39.3 million in USDT across 10 Tron addresses linked to Xinbi Guarantee, a Chinese-language escrow platform that has processed billions in transactions tied to pig-butchering scams and stolen funds, on September 8. The action mirrors Tether's previous enforcement against similar illicit platforms like Huione Guarantee and comes as regulatory pressure intensifies, including a UK asset freeze imposed on Xinbi in March. Despite these enforcement efforts, Xinbi has demonstrated resilience, processing an estimated $17.9 billion in total volume since its launch, making the frozen funds represent less than one percent of its transaction history.