Alabama Man Loses Life Savings to Romance Crypto Scam Involving $222k Seized

A retired man in Florence, Alabama lost his life savings to a romance-based cryptocurrency scam.

According to federal filings, the scammer used the name 'Bella' and convinced the victim to invest in cryptocurrency through Coinbase.

The scammers, dubbed 'pig butchering' schemes, build trust with victims before persuading them to send large sums into bogus investments.

Authorities eventually seized over $222,000 in USDT (Tether) after tracing the transactions through multiple wallets and exchanges under a federal warrant.