The loudown county police in Virginia seized $ 1.4 million in the cryptocurrency associated with the “pig butcher” scam.
According to the police, the Sheriff Office confirmed that about 1.4 million tied to the scam Reports,
Sheriff Mike Chapman insisted on the department’s commitment to justify the fraudsters, saying: “If you cheat, especially a fraud of this magnitude, know that the loudown county is coming for you . “
The matter began when a victim received an unwanted text message addressed to the wrong person. This led to an online conversation in which Scammer gained confidence of the victim and persuaded them to invest in cryptocurrency through a fraudulent trading platform.
After an initial test return, the victim was cheated in investing more money. When they tried to withdraw their money, they were asked to pay excessive taxes – a common strategy in pig butcher scams.
Detective of Loudown County Sheriff’s office, certified in all blockchain investigations, discovered stolen funds as part of their growing attention on cyber crime.
The agency reported to investigate 107 crypto-related cases last year, with a total damage to more than $ 13 million.
Officials urged the residents to be vigilant with unwanted messages, verify investment platforms, and consult financial professionals before making significant investments.
LCSOs are encouraged to report incidents to improve the possibility of recovery of lost funds to the victims of Crypto scams in loudown county.
