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According to Cryptoslate, the Australian Securities and Investments Commission (ASIC) announced on April 7th that the federal court has approved its request to shut down 95 companies related to cryptocurrency fraud and pig killing schemes. These entities have been dissolved due to their improper behavior and false registration. These companies use false information to register and operate under the guise of providing legitimate services, but are actually part of a larger fraud network. They lure victims into believing that they are collaborating with reputable companies through seemingly professional websites and false corporate identities, thereby promoting false investment opportunities in cryptocurrencies, foreign exchange, and commodities. Despite ASIC shutting down over 130 scam websites every week, fraudulent activities remain persistent and new scams continue to emerge. At present, nearly 1500 claims have been submitted, with losses exceeding $35 million, and victims spread across 14 countries. The court has appointed joint liquidators to handle the assets and liabilities of these companies. The liquidation results show that only 3 out of 95 companies have assets with a total amount of only $33018, while 7 companies have total liabilities of up to $38689419.