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Feds seize $112 million connected to cryptocurrency ‘pig butchering’ scams
April 3, 2023, 7:08 p.m. |
The Record by Recorded Future therecord.media
The Justice Department said Monday that it seized nearly $112 million worth of cryptocurrency connected to investment scams after warrants were obtained in Arizona, California and Idaho. The seizures are part of a larger effort to address confidence schemes known colloquially as “pig butchering,” in which scammers develop long-term relationships with victims online before convincing
address arizona california cryptocurrency cybercrime department government investment investment scams justice justice department pig butchering relationships scammers scams seized
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