US authorities use seized seven domains that were ” Cryptocurrency schemes. “Once the money is sent to a fake investment app, scammers often disappear and take all the money away, resulting in huge losses for the victim,” warned the Justice Department.
Seized seven domains used in pig slaughter crypto-fraud
The U.S. Department of Justice (DOJ) said on Tuesday that “the Seven domain names have been seized.
The DOJ said, “In the pig slaughter scheme, scammers used dating apps, social media websites, or masquerading as the wrong number. You’ll encounter victims with random text,” it explains in more detail:
Scammers start relationships with victims, gradually gain their trust, and eventually introduce the idea of using cryptocurrencies to invest in their businesses.
“Victims are then lured to other members of a fraud syndicate that operates a fraudulent cryptocurrency investment platform and are persuaded to invest there,” he explained, DOJ. and added:
{28 Once the money is sent to the fake investment app, the scammers disappear and take all the money away, often resulting in huge losses for the victims. And that’s exactly what happened in this case.
According to court records, from at least May through August, the scammer “using seven of her seized domains” induced the victim. These were all spoofed domains of the Singapore International Currency Exchange.
Scammers convinced victims that they were investing in legitimate cryptocurrency opportunities.
After the DOJ transferred the funds to a deposit address provided by the scammer through her seven domain names that the victim seized,
the victim’s funds were transferred to numerous private his wallets. or a swapping service. To hide the source of funds. In total, the victim lost her over $10 million.
Several US authorities have warned that pig slaughter cryptocurrency scams have become “surprisingly popular.” In September, the Delaware Department of Justice’s Investor Protection Division issued a cease and desist order against 23 entities and individuals involved in this type of fraud.
Image Credits: Shutterstock, Pixabay, Wiki Commons