In a press release on Tuesday evening, the US Attorney’s Office announced its initiation of a civil forfeiture action to reclaim cryptocurrency proceeds related to a business email compromise (BEC) fraud scheme. The scheme specifically targeted a Massachusetts-based company.
The government focuses on seizing crypto assets from seven accounts held at Binance, a popular cryptocurrency exchange.
Over the past few years, the United States has experienced a notable increase in crypto-related phishing scams. These fraudulent activities have become significant national concerns for individuals, businesses, and law enforcement agencies.
In addition to crypto-related phishing scams, another alarming trend has emerged: pig butchering schemes. These schemes primarily target individuals or businesses involved in the livestock industry, particularly pig farming.
Investigators were alerted to the BEC fraud incident…
