U.S. Prosecutor's Office Seizes $61 Million Worth of Cryptocurrency "Pig Butchering" USDT

ZkProver · 2026-02-25T01:01:18+00:00

The Eastern District of North Carolina Prosecutor's Office in the United States has seized over $61 million worth of USDT related to "pig-butchering" crypto scams. Criminals disguise themselves as romantic partners to lure victims into investing in fake crypto trading platforms, ultimately extracting funds through various excuses.

ZkProver

2026-02-25 01:01:18

Abstract generation in progress

ChainCatcher News, the Office of the District Attorney for Eastern North Carolina announced the seizure of over $61 million worth of USDT. These funds have been traced to cryptocurrency addresses associated with “pig butchering” crypto investment scams.

Investigations show that criminals often gain victims’ trust by establishing romantic relationships, then claim to have expertise in generating high profits through cryptocurrency trading. They guide victims to use fake trading platforms that mimic legitimate ones. These platforms display fictional high-return investment portfolios, enticing victims to invest more. When victims attempt to withdraw funds, scammers further extort money by claiming they need to pay “taxes” or “fees.”

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.