Delaware authorities have frozen accounts belonging to individuals involved in “pig butchering” scams, a stealthier version of a common crypto romance scam. camlearnscrypto reports
Delaware law enforcement authorities have frozen accounts belonging to individuals involved in “pig butchering” scams, a version of an increasingly common crypto romance scam in which swindlers lure unsuspecting investors to send them their crypto holdings.
In a press release Wednesday, the state’s department of justice said the agency had issued a cease-and-desist order to 23 entities, including wallets, accounts and individuals.The agency urged investors to tread cautiously in online conversations about cryptocurrency transactions.have been around for several years. They involve bad actors conversing with strangers online and instructing them to invest in crypto before siphoning off their funds.
According to blockchain investigation agency Cipherblade, “billions” of dollars were stolen in “pig butchering” scams in 2021. “Today’s order takes a first step toward protecting Delaware investors from the pig butchering scam by freezing funds at risk from further transfer by the wrongdoers,” Delaware Attorney General Kathy Jennings said in the press release.
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