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International Business Times
International Business Times
Business
Marvie Basilan

US Attorney's Office Moves To Recover $2.3M Stolen Crypto In 'Pig Butchering' Scheme

Crypto United States Binance Massachusetts Cryptocurrency
Crypto Scam - Cryptocurrency Theft Concept Image (Credit: Bybit/flickr.com)

KEY POINTS

  • One of the victims was a Massachusetts resident who was tricked into wiring over $400K to a crypto wallet
  • The investigation later uncovered 36 other Americans nationwide who were victimized by the scheme
  • A recent study found that over $75 billion may have been pilfered by pig butchering scammers from victims worldwide

The Massachusetts U.S. Attorney's Office on Wednesday moved to recover some $2.3 million worth cryptocurrencies, which were believed to be part of a 'pig butchering' fraud scheme as part of a romance scam.

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