Is your neighbor closer than your own child? A 70-year-old woman in Shanghai was scammed out of 14 million yuan, with her life savings wiped out in the crypto world! Emotional manipulation + fake property deeds + on-chain money laundering… This is a textbook case of an extreme scam combining “offline pig-butchering” and crypto-related black and gray markets! How did a neighborhood “pig-butchering” scam siphon off 14 million? Aunt Sun, a woman in her 70s from Shanghai, never imagined that her neighbor Hua, who lived in the same building (and had a history of illegal fundraising), would con her out of her entire life savings: He showed up at her door crying poverty, claiming his father-in-law was hospitalized and urgently needed money. He even brought his own mother to vouch for him, borrowing 50,000 yuan. He repaid the small loan on time with high returns, then used a fake property deed as collateral to borrow a larger sum. Crypto gambling and black/gray market laundering Over 13 million yuan wiped out with high leverage: The scammer tried to “get rich overnight” by flipping illegal virtual currency trades but ended up losing everything in a massive liquidation. ️‍♂️ OTC / on-chain laundering: After multiple layers of transfers, the funds largely flowed into OTC traders and black/gray market laundering accounts.