Prosecutors in Brooklyn have seized nearly two dozen web domains associated with a cryptocurrency scam known as "pig butchering." Victims were scammed out of $5 million after being convinced to invest in cryptocurrency by scammers they met online. The scammers gained their trust and then blocked them from withdrawing their investments.
Prosecutors in Brooklyn seized nearly two dozen web domains associated with a scheme known as " pig butchering ," in which scammers strike online conversations with unsuspecting victims, gain their trust and then steer them into bogus cryptocurrency investments.
Brooklyn-based victims were scammed out of at least $5 million after they were convinced to invest in cryptocurrency by someone they met through a random text message, a dating site or through a WhatsApp group, according to the Brooklyn District Attorney's Office. The investments appeared to show tremendous returns, but when the victims tried to withdraw substantial sums they were blocked from their accounts and lost their entire investment, authorities say. The Brooklyn DA's office says it seized Coinformat.com and 20 other active associated domains in connection with the investigation into the scheme. Three virtual servers hosting those sites have also been seize
Brooklyn Prosecutors Web Domains Cryptocurrency Scam Pig Butchering Victims Investment Scam Trust Withdrawals
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