Pig butchering scam leads to $1.4m crypto seizure by Virginia police

Loudoun county police in Virginia have seized $ 1.4 million in cryptocurrency linked to a “pork butcher” scam.

The sheriff’s office confirmed that around 1.4 million dollars linked to the scam reports.

The sheriff Mike Chapman underlined the ministry’s commitment to hold responsible fraudsters, declaring: “If you commit fraud, in particular fraud of this magnitude, know that the county of Loudoun comes for you.”

The case began when a victim received an undeled text message addressed to the bad person. This led to online conversations in which the crook gained the confidence of the victim and persuaded them to invest in cryptocurrency via a fraudulent trading platform.

After a first test withdrawal, the victim was led to invest more money. When they tried to withdraw their funds, they were told to pay excessive taxes in advance – a common tactics In the scams of pork butchery.

The detectives of the Sheriff’s Bureau of the county of Loudoun, all certified in the blockchain surveys, traced the stolen funds as part of their growing accent on cybercrime.

The agency said investigate 107 cases linked to the crypto last year, with total losses exceeding $ 13 million.

Authorities urge residents to be careful about unsolicited messages, check the investment platforms and consult finance professionals before making significant investments.

Victims of cryptographic scam in Loudoun County are encouraged to report incidents to LCSO to improve the chances of recovering lost funds.