US moves to recover $2.3 million from "pig butchers" on Binance

The U.S. Department of Justice recovered about $2.3 million in cryptocurrency tied to a 'pig butchering' fraud campaign that targeted at least 37 U.S. victims; investigators traced funds from a 2023 scheme (including a $400,000 loss) to two Binance wallets and seized multiple coin types via civil forfeiture. The report describes how perpetrators use romance-style social engineering to steer victims into fake crypto investment sites, highlights average victim losses exceeding $62,000, and references FBI warnings about growing pig butchering incidents.