The Alabama securities regulator recovered $125,000 in Crypto Assets from a swine slaughter fraud case.

Gate News bot message, the Alabama securities regulators have seized at least $125,000 worth of encryption assets from two residents, who fell victim to a meticulously planned pig slaughter eyewash, suffering total losses of over $850,000.

According to the official statement from the office of the securities regulatory agency, the committee successfully recovered losses for a resident of Baldwin County who was scammed out of about $185,000 and recovered $73,927.68 for another victim in Itawamba County who was scammed out of $395,000. Both victims met the scammers earlier this year on dating apps and messaging platforms.

Pig slaughter scams have become the fastest-growing form of encryption fraud, leveraging the anonymity of digital assets and manipulating victims' emotions through carefully orchestrated love scams. Scammers exploit victims' emotions through these well-planned love schemes. These scams have become a significant form of cryptocurrency fraud, with criminals taking advantage of the irreversibility of cryptocurrency transactions and their cross-border capabilities to steal billions of dollars from unsuspecting individuals.

U.S. federal authorities are currently intensifying law enforcement efforts to combat the infrastructure that fuels such eyewash. In March of this year, the U.S. Treasury sanctioned a Philippine tech company and its Chinese executives for facilitating hog slaughtering and other encryption fraud activities, defrauding American citizens of more than $200 million.