US Takes Down Domains Used in ‘Pig Butchering’ Cryptocurrency Scheme

The US Attorney’s Office for the Eastern District of Virginia made the announcement in a press release on Monday, where it explained the domains were all spoofed to look as if they came from the Singapore International Monetary Exchange (SIMEX). According to court records, the scammers had reportedly convinced five victims in the United States that they were investing in a legitimate cryptocurrency opportunity before stealing a total of over $10m from them collectively.

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