Q4 2025 Fraud Typology Report: The Industrialization of Pig Butchering
The typology report documents how organized scam networks operationalize wallet rotation, regional broker relationships, and laundering corridors. It is designed for teams responding to active fraud or building detection rules.
An exhaustive block-by-block analysis of the preferred routing mechanisms, mixers, and over-the-counter broker networks used by Southeast Asian scam syndicates.
Scam syndicates increasingly reuse infrastructure patterns even when addresses rotate.
Bridge selection and OTC exits are strong typology markers for clustered fraud campaigns.
Victim recovery work improves when routing signatures are mapped early in the case.
- Build fraud detection logic around known routing signatures.
- Accelerate triage when new victim wallets appear in an existing campaign.
- Brief counterparties, law enforcement, and legal teams with a shared typology model.
Need this methodology applied to your own wallet set, investigation, or reporting workflow? Use the intake form and reference this brief directly.
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