U.S. Seizes $61M in USDT Tied to ‘Pig Butchering’ Scam

U.S. Seizes $61M in USDT Tied to ‘Pig Butchering’ Scam

U.S. federal prosecutors in North Carolina announced that they have seized more than $61 million worth of USDT linked to a large-scale cryptocurrency investment fraud scheme known as “pig butchering.” The scammers preyed on victims through fake online relationships and fraudulent trading platforms, claiming to have serious market expertise. U.S. Seizes $61M in USDT From … Read more

U.S. Prosecutors Warn of Crypto “Pig Butchering” Scams Ahead of Valentine’s Day

U.S. Prosecutors Warn of Crypto “Pig Butchering” Scams Ahead of Valentine’s Day

As Valentine’s Day 2026 approaches, U.S. federal prosecutors and agencies have launched an aggressive public awareness campaign called “#DatingOrDefrauding” to warn Americans about an unprecedented surge in crypto-linked romance scams. These sophisticated schemes, now heavily augmented by generative AI, are leading to staggering financial losses, with the Federal Bureau of Investigation (FBI) reporting losses of … Read more