The Brooklyn District Attorney’s Office, led by Eric Gonzalez, has dismantled a sophisticated cryptocurrency scam that duped individuals across the U.S. out of millions.

The so-called “pig butchering” scheme revolved around a deceptive practice where scammers befriended unsuspecting victims online, and steered them toward investing in cryptocurrencies through fraudulent websites and apps. Afterward, they ultimately blocked them from withdrawing their funds, resulting in total losses of their investments.

Gonzalez expressed concern over the growing prevalence of such scams, which he described as defrauding residents beyond the New York City borough of Brooklyn. Losses from similar schemes reach billions annually.

He also stressed the importance of public awareness and education as vital defenses against such pervasive scams, urging skepticism towards overly enticing investment opportunities in crypto.

The investigation, led by the Virtual Currency Unit within the DA’s office, stemmed from numerous complaints received by t

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Author: Julius Mutunkei

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