A US Justice Department logo or seal showing Justice Department headquarters, known as Main Justice, is seen behind the podium in the Department's headquarters briefing room before a news conference with the Attorney General in Washington, on Jan 24, 2023. LOS ANGELES/ATLANTA: US authorities charged two Chinese nationals in a cryptocurrency scam that laundered at least US$73 million from defrauded victims, the Justice Department said on Friday .
The US accused the two of being involved in a type of cryptocurrency investment scam known as pig butchering, which has become a global billion-dollar industry. Victims were induced online into depositing money into these accounts - funds that were then laundered through US financial institutions to bank accounts in the Bahamas.