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PiggyBank has closed its LAB hedge position after extreme volatility and negative funding rates rendered it unsustainable, leaving…rather than the protocol treasury. ZachXBT publicly criticised PiggyBank's strategy, arguing it exposed user funds
recovery rather than waiting for subpoenas. Crypto scams, including pig-butchering schemes and impersonation fraud, have cost victims
estate in an already crowded market, xAI is piggybacking on an established user base to accelerate Grok
against organised crypto fraud. The syndicates ran so-called "pig-butchering" schemes — a method where operators cultivate romantic
alleged ties to Prince Group — a transnational pig-butchering syndicate accused of running at least 10 violent scam
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