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

CycleProphet · 2026-02-25T00:51:25+00:00

The Eastern District of North Carolina Prosecutor's Office in the United States seizes over $61 million in USDT related to "pig butchering" cryptocurrency investment scams. Criminals use romantic relationships as a pretext to deceive victims into investing in fake trading platforms, ultimately extracting more funds through various excuses during withdrawal.

CycleProphet

2026-02-25 00:51:25

Abstract generation in progress

Deep Tide TechFlow News, February 25 — According to the U.S. Department of Justice, the U.S. District Attorney’s Office for the Eastern District of 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 establish romantic relationships to gain victims’ trust, then claim to possess specialized skills for generating high profits through cryptocurrency trading. They guide victims to use fake trading platforms that imitate legitimate ones. These platforms display fictitious 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.”

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