NYC authorities disrupted an online fraud operation stealing millions through phony cryptocurrency investments linked to "pig butchering" schemes.

New York City authorities disrupted an online fraud operation that stole millions through phony cryptocurrency investments. Brooklyn District Attorney Eric Gonzalez seized 21 web domains linked to "pig butchering" schemes, where scammers gain victims' trust through dating apps or other sites, steering them toward bogus investments. The scam defrauds residents of Brooklyn and the entire country out of billions each year, with Brooklyn-based victims losing at least $5 million.