US Seizes $61M in Tether Linked to “Pig Butchering” Crypto Scam

[madmax]

Federal agents in North Carolina have seized more than $61 million worth of Tether (USDt) tied to a large-scale “pig butchering” crypto investment scam. According to the U.S. Attorney’s Office for the Eastern District of North Carolina, fraudsters posed as romantic partners online, building trust with victims before steering them toward fake cryptocurrency trading platforms that displayed fabricated profits and unusually high returns.

Once victims invested larger sums, scammers blocked withdrawals and demanded additional fees to release funds that never existed. Homeland Security Investigations traced the stolen assets across multiple wallets used for laundering before identifying addresses still holding substantial balances. Those funds were seized and are now subject to forfeiture, with authorities acknowledging Tether’s cooperation in freezing and transferring the assets.

[tradelikepro]

falling in love and losing 61 million is an insane two for one deal