US Department of Justice Strikes Back: $2.3 Million ‘Pig Butchering’ Scam Exposed! The romance turned into a nightmare for a Massachusetts resident who fell prey to a cunning
"pig butchering" scam, losing over $400,000 to a crypto wallet.
The investigation uncovered a
pattern of deceit, with 37 victims across the US ensnared in this web of lies. But justice is swift, as the DOJ seized crypto from two Binance accounts worth an estimated $2.3 million!
These scams aren't just about broken hearts; they're about breaking the bank too. Scammers build trust online before slicing away at victims' savings, leaving behind
financial and emotional wreckage.
The seized cryptocurrency, including USDC, USDT, TRX, SOL, BNB, ADA, and ETH, is now on the chopping block for forfeiture. But first, third parties can stake their claim before the funds are returned to the victims.
It's not just one bad apple; the FBI reports a whopping 53% surge in crypto-related investment losses in 2023 alone. With losses totaling $3.94 billion, it's clear that vigilance is key in this digital investment landscape.
