$2.5 Million In Crypto Targeted By US For ‘Pig Butchering’ Scam Victims
United States authorities are looking at seizing some $2.5 million in crypto from foreigners involved in “pig butchering,” a type of cryptocurrency theft. The US Attorney’s Office for the District of Columbia has now filed a civil forfeiture case to get the money back. Scammers used fake investment plans to target people who didn’t know […]
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There’s a new type of Bitcoin scam and it sounds so bizarre: it’s called “pig butchering” and you definitely don’t want to be on the chopping board. As the fraud’s name suggests, “pig butchering” refers to how a target is “fattened up” before being “slaughtered.” This form of bitcoin scam happens when a con artist […]
U.S. authorities have warned about the rising popularity of a crypto scam known as “pig butchering.” The Federal Bureau of Investigation (FBI) explained: “The fraud is named for the way scammers feed their victims with promises of romance and riches before cutting them off and taking all their money.”
‘Pig Butchering’ Crypto Scam on the Rise
U.S. authorities have been warning about a type of cryptocurrency scam called “pig butchering” that has been growing in popularity at an alarming rate.
Lakewood Police....
The U.K. police have returned over $5.4 million to victims of an international cryptocurrency scam. The police say that almost $10 million more will be returned to victims. So far, 127 more people have filed a claim to recoup their investments.
Police Return Funds to Crypto Scam Victims
The U.K.’s Greater Manchester Police (GMP) announced Friday that about $5.4 million of the funds seized from an international cryptocurrency scam rumbled by its police officers in July last year have been returned to rightful owners. The announcement details:
Over four million pounds....
Crypto scam victims can now heave a sigh of relief. Popular crypto wallet MetaMask has recently partnered with Asset Reality, a London-based specialist in digital asset scam investigations and recovery, to facilitate helping scam victims with getting back their stolen crypto assets. According to MetaMask, the collaboration with Asset Reality is “an industry-first approach in improving […]
Victims of the “wrong number” scam across the United States, including Ohio, are getting some form of justice thanks to the latest initiatives of the US authorities. According to the Federal Bureau of Investigation (FBI), 33 crypto fraud victims nationwide, including a city of Mentor resident, have been identified. Court documents reveal that the victims lost […]