DA Uncovers 'Pig Butchering' Crypto Scam That Defrauded Brooklyn Residents Out of Millions

• New York DA uncovered a "pig butchering" crypto scheme that defrauded people out of millions in fake investments • Scammers gain trust online then steer victims to bogus crypto sites showing big returns; victims locked out when trying to withdraw • DA's new Virtual Currency Unit analyzed transactions, discovering 80+ scam domains and over $1M in losses • Scammers appear to target Chinese and Russian communities in Brooklyn, with over $4M in reported losses • DA urges public vigilance, warns not to trust crypto opportunities that seem too good to be true or make investments based on strangers' advice