🌎 Virginia Authorities Recover $1.4 Million in Crypto Scam

$1.4 Million in Cryptocurrency Recovered in Virginia “Pig Butchering” Scam

Loudoun County police in Virginia have successfully seized $1.4 million in cryptocurrency linked to a “pig butchering” scam, marking one of the largest crypto seizures in the state.

The Sheriff’s Office confirmed the recovery of approximately $1.4 million tied to the scam, demonstrating the department’s commitment to holding fraudsters accountable. According to Sheriff Mike Chapman, “If you commit fraud, especially a fraud of this magnitude, know that Loudoun County is coming for you.”

How the Scam Unfolded

The case began when a victim received an unsolicited text message addressed to the wrong person. This led to online conversations in which the scammer gained the victim’s trust and persuaded them to invest in cryptocurrency through a fraudulent trading platform.

After an initial test withdrawal, the victim was tricked into investing more money. When they attempted to withdraw their funds, they were told to pay excessive taxes upfront—a common tactic in “pig butchering” scams.

Investigation and Recovery

Loudoun County Sheriff’s Office detectives, all certified in blockchain investigations, traced the stolen funds as part of their growing focus on cybercrime. The agency reported investigating 107 crypto-related cases last year, with total losses exceeding $13 million.

Authorities urge residents to be cautious of unsolicited messages, verify investment platforms, and consult financial professionals before making significant investments.