North Carolina DOJ Seizes $61 Million in USDT Tied to Pig Butchering Scam

The U.S. Attorney’s Office for the Eastern District of North Carolina, in coordination with the Department of Justice (DOJ) and Homeland Security Investigations (HSI), announced the seizure of more than $61 million in Tether (USDT) connected to money laundering from "pig butchering" crypto investment scams. This seizure is one of the largest single USDT confiscations related to romance-based crypto fraud in U.S. history. Pig butchering scams involve criminals establishing fake online romantic relationships to lure victims into fraudulent trading platforms, often demanding fake "taxes" or "fees" to prevent withdrawals. Tether actively assisted the DOJ and HSI in freezing and transferring the illicit stablecoin holdings. This action highlights the growing focus by U.S. authorities on recovering crypto assets, particularly stablecoins, which are increasingly used by transnational fraud networks responsible for billions in global losses.

(Source：BeInCrypto)