pig butchering
“Pig butchering” is a type of long-term online scam, often associated with cryptocurrency or investment fraud, in which scammers cultivate a relationship with a victim over time—“fattening the pig”—before convincing them to invest in fake or fraudulent opportunities. Once the victim has invested significant money, the scammer disappears with the funds, “butchering” the victim financially.
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US Justice Department Seizes $15 Billion in Bitcoin in Record Crypto Confiscation
US Justice Department Seizes $15 Billion in Bitcoin — Largest Crypto Confiscation in History In what officials describe as the largest cryptocurrency confiscation ever, the US Department of Justice has seized 127,271 bitcoins — valued at roughly $15 billion — from businessman Chen Zhi. The dual...- Coinbotlab
- News story
- blockchain crime chen zhi crypto confiscation crypto fraud crypto investigation doj bitcoin seizure money laundering pig butchering us justice department
- Category: Cybercrime — Darknet, Hacks & Security Incidents