HUNTSVILLE, Ala. – A wave of cryptocurrency investment scams is sweeping across Alabama, with more than a million dollars lost in just the past three weeks, according to the Alabama Securities Commission. Officials are raising alarms over a sophisticated scheme known as “pig butchering,” in which victims are manipulated into trusting fraudsters who ultimately direct…
MONTGOMERY, Alabama— Alabama regulators have successfully recovered more than $125,000 in cryptocurrency for two residents who were victims of so-called “pig butchering” scams, an increasingly common form of romance-based fraud that cost them a combined $580,000. According to a statement released Friday, the Alabama Securities Commission (ASC) was able to retrieve $53,227.81 for a victim…
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