Middle-aged man loses $1.2M to pig butchering scam via cryptocurrency platform

Summary

The U.S. Department of Justice (DOJ) seized a record $225 million in cryptocurrency linked to global 'pig butchering' scams, which are large-scale financial fraud schemes. These scams typically involve building trust with victims before exploiting them for large sums of money. The DOJ's action is part of ongoing efforts to disrupt and recover assets from international financial fraud operations.