U.S. Authorities Seize Domains Used in ‘Pig butchering’ Cryptocurrency Scams
U.S. Authorities Seize Domains Used in ‘Pig butchering’ Cryptocurrency Scams The U.S. Justice Department (DoJ) on Monday announced the takedown of seven domain names in connection to a “pig butchering” cryptocurrency scam. The fraudulent scheme, which operated from May to August 2022, netted the actors over $10 million from five victims, the DoJ said. Pig butchering, also known as Sha Zhu Pan, is a type of scam in which swindlers trick unsuspecting investors into sending their crypto assets. The criminals pound potential victims on dating apps, social media sites, and SMS messages. These individuals initiate and build fake relationships in an attempt to build trust, only to trick them into […]