Prosecutors have issued summary orders to cease and desist against 23 entities and individuals involved in these scams 🚫
Typically, victims are groomed to make increasingly larger investments into fake schemes over time — often their whole life savings — only to realize they've lost it all.
"When victims lose money through cryptocurrency scams, including the pig butchering scam, it can be difficult to recover those funds. 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." Some saw large results on their initial deposits, and felt emboldened to make bigger ones. But in the end, they were never able to withdraw their funds — and their crypto vanished.
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