US authorities are seeking to return $7 million to victims of a social engineering scam that tricked them into sending money to fake cryptocurrency investment platforms.
The scam involved the fraudsters data-ct-non-breakable=”null” href=”https://cointelegraph.com/learn/articles/pig-butchering-crypto-scams-how-to-combat-them” rel=”null” target=”null” text=”null” title=”null”>contacting victims and earning trust before directing them to websites masquerading as legitimate crypto investment platforms, Virginia’s Eastern District US Attorney’s Office data-ct-non-breakable=”null” href=”https://www.justice.gov/usao-edva/pr/united-states-uses-civil-asset-forfeiture-recover-7m-investment-fraud-proceeds” rel=”null” target=”null” text=”null” title=”null”>said in a March 21 statement.
Once victims made a deposit, the funds were funneled through over 75 bank accounts under the names of shell companies, then sent abroad…
