Happycoin.club - source
A harmless friendly message from a stranger on social media can sometimes lead to financial ruin. This bitter conclusion has already been reached by tens of thousands of people.
Fraud known as 'pig butchering' often involves a lengthy establishment of trust and the scammers offering to invest in popularizing cryptocurrencies.
When victims try to withdraw their fictitious profits, they face exorbitant 'fines' and an unchanging loss of money. For many years, it was practically impossible to get them back, but the situation seems to be gradually changing.
A detective from the U.S. state of Wisconsin, Scott Simmons, helped a woman who lost $551,000 as a result of one of these schemes.
The scammers presented the victim with an allegedly legitimate crypto platform, showing her fake screenshots of accounts with growing profits. Initially, she transferred small amounts, then larger ones in 15 transactions in USD Coin.
Simmon's investigation revealed that the funds were laundered through several addresses before ending up in one wallet, which held the stolen $4.6 million. Subsequently, the funds were frozen.
Approximately the same amount was seized by law enforcement in another U.S. state, North Carolina – $5 million in Tether stablecoins.
