$112M Worth of Crypto Seized in Pig Butcher Crackdown | CoinGabbar

The US Department of Justice (DOJ) says it has seized more than $112 million in cryptocurrency linked to fraudulent investment schemes known as "Pig Butcher". The Department of Justice said that according to court documents, the seized crypto accounts were allegedly used to launder the proceeds of various cryptocurrency confidence scams. In Pig Butcher scams, scammers often "targeted victims through social networking, online communication platforms, dating websites, phone calls, and text messages.