US DOJ Seizes $225 Million in Crypto Linked to 'Pig Butchering' Scams
TL;DR Summary
The U.S. Department of Justice has seized over $225 million in cryptocurrency, marking the largest-ever crypto seizure related to 'pig butchering' scams, which involve developing trust with victims to defraud them through elaborate schemes. The funds were linked to a sophisticated money laundering network, and the operation involved multiple federal agencies working to trace and recover the illicit assets, protecting victims worldwide.
- DOJ announces largest-ever crypto seizure related to ‘pig butchering’ scams The Hill
- DOJ seizes record $225 million in crypto tied to global 'pig butchering' scams CNBC
- US seizes record $225 million from crypto investment scammers CNN
- US Seizes $225.3 Million in Cryptocurrency Tied to Investment Fraud Schemes PYMNTS.com
- US DOJ files to seize $225M in crypto tied to pig butchering schemes Cointelegraph
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