North Carolina prosecutors seize $61 million in USDT tied to ‘pig butchering’ scam

U.S. federal prosecutors, specifically the U.S. Attorney's Office for the Eastern District of North Carolina, announced the seizure of more than $61 million in USDT connected to a widespread cryptocurrency investment fraud known as 'pig butchering.' Homeland Security Investigations (HSI) agents traced the stolen funds through a network of crypto wallets used to launder the proceeds from the crypto romance scam. The scam involved fraudsters building trust with victims through fake relationships before pitching fraudulent high-return crypto strategies; victims were blocked from withdrawing funds or asked for extra fees. U.S. Attorney Ellis Boyle stated the seizure demonstrates that 'cheaters never win' and highlighted the asset forfeiture team's success in removing profit from the crime. This forfeiture adds to other significant crypto-related seizures by the DOJ.

(Source：The Block)