The U.S. Attorney's Office for the Eastern District of North Carolina announced the seizure of over $61 million in USDT (Tether) by federal law enforcement agencies. The funds are linked to a crypto investment scam known as a "pig-butchering" scheme, where fraudsters establish fake romantic relationships to gain victims' trust. Victims are then directed to invest on counterfeit trading platforms, with scammers using excuses like "taxes" and "fees" to prevent withdrawals and continue extracting funds. The U.S. Department of Justice expressed gratitude to Tether for its assistance in asset transfer and investigation efforts.
U.S. Authorities Seize Over $61 Million in USDT Linked to Crypto Scam
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
