The United States has seized digital currency worth about half a million dollars from an account registered to a Chinese man who featured in a Reuters investigation into crypto-investment fraud run from Southeast Asia. U.S. authorities said the scam that prompted the seizure involved a crypto-investment fraud known as pig butchering. In such schemes, fraudsters manipulate unsuspecting people they meet online, persuading them to invest in bogus crypto schemes. The U.S.
Secret Service seized the crypto from an account in the name of Wang Yicheng in June, according to a document filed by U.S. authorities in federal court in Massachusetts. The crypto was worth about $500,000 at the time. Money initially stolen from a Massachusetts victim was traced to Wang’s account, the Nov. 21 filing sai
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: straits_times - 🏆 5. / 69 Read more »