US detective seizes crypto from $4.6M stash in pig butchering scam bust – DL News
- Pig butchering scams draining victims’ funds via fake crypto investments.
- A recent case uncovered a scam wallet with more than $4.6 million in crypto.
- Recoveries still remain uncommon for most crypto fraud investigations.
What may seem like an innocuous friendly message from a stranger is leading some to financial ruin.
Known as “pig butchering,” these scams lure victims into trusting relationships, only to exploit them through fake crypto investments.
When victims try to withdraw their fictitious profits, they’re met with demands for exorbitant “taxes” or penalties.
For years, recovering money lost to such scams was nearly impossible — but this is slowly beginning to change.
In one recent case, Scott Simmons, a Wisconsin…
