US Authorities Intensify Crackdown on Crypto Fraud Schemes

[bonk]

The case is part of a broader effort by US authorities to recover funds linked to crypto scams. In a separate investigation, prosecutors in Massachusetts sought to recover about $327,000 in Tether connected to a romance scam targeting a local resident.

Meanwhile, investigators in North Carolina recently seized more than $61 million in USDT tied to a large “pig-butchering” fraud operation. Stablecoin issuer Tether has also stepped up cooperation with law enforcement, saying it has frozen around $4.2 billion in USDT linked to suspected illegal activity over the past three years.

[kevin1]

pig-butchering fraud? wow, crypto names keep getting more horrifying and literal