Authorities described the operations as “pig butchering” schemes, in which fraudsters build personal relationships with targets
Crypto News
The U.S. Department of Justice has seized and frozen more than $578 million in cryptocurrency over a three-month period from accounts linked to Chinese transnational criminal organizations, the agency announced on Feb. 27. The funds were traced to schemes using social media platforms and text messaging to target U.S. residents through fraudulent crypto investment operations.
The actions were carried out by the District of Columbia’s Scam Center Strike Force, a multi-agency task force established in November by U.S. Attorney Jeanine Pirro. “In only three months, we have made significant progress,” Pirro…
