The U.S. Department of Justice seized six virtual cryptocurrency accounts containing over $112 million in funds stolen in cryptocurrency investment schemes.
The criminals behind these cryptocurrency fraud scams (also known as pig butchering or cryptocurrency confidence scams) approach their victims via various dating platforms, messaging apps, or social media platforms, build trust, and introduce them to investment schemes which eventually allow them to empty their targets crypto wallets.
The DOJ says the next step is to return the stolen cryptocurrency to the victims.