The Department of Justice recently seized a large amount of cryptocurrency obtained through investment scams (DOJ). The Department of Justice announced Monday that the estimated value of the virtual currency seized was $112 million. According to a press release, the funds were in six accounts purportedly controlled by scammers and used for laundering purposes in connection with cryptocurrency confidence scams. The seizures were authorised by district judges in Arizona, central California, and Idaho. According to the agency, scammers obtained virtual currency by duping victims into investing in bogus crypto trading platforms after connecting online and becoming close to them. According to the DOJ, such schemes are known as “Sha Zhu Pan” or “pig butchering.”