- The Delaware Department of Justice’s Investor Protection Unit has issued a cease and desist order against 23 entities and individuals involved in a popular cryptocurrency scam known as “pig butchering”.
- Victims of this type of scam “are groomed over time to make investments using cryptocurrency, only to find that what they thought was a safe investment was a scam,” the Delaware DOJ detailed.
- The announcement details that the Investor Protection Unit received complaints from residents in the state.
US State Issues Order Freezing Crypto at Exchanges in Pig Butchering Scam Crackdown
