‘Pig butchering’: Authorities Seized $9M in Crypto During Dollar Conversion

Authorities seized about $9 million in crypto, which was earned by taking advantage of over 70 victims nationwide through alleged “pig butchering” schemes.  A pig-butchering scam is an investment fraud that tricks people into investing their money in seemingly legitimate and lucrative enterprises. These fraudsters prey on regular investors by fabricating websites that entice victims into believing their investments are profitable.

Source: GBHackers

 


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