Mars Finance News: The Eastern District Attorney’s Office 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 reveal that criminals often gain victims’ trust by establishing romantic relationships, then claim to possess specialized skills to generate high profits through cryptocurrency trading, guiding victims to use fake trading platforms that mimic 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 citing “taxes” or “fees” and other excuses.
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.
U.S. Prosecutor's Office Seizes $61 Million in Cryptocurrency, Pig Butchering USDT
Mars Finance News: The Eastern District Attorney’s Office 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 reveal that criminals often gain victims’ trust by establishing romantic relationships, then claim to possess specialized skills to generate high profits through cryptocurrency trading, guiding victims to use fake trading platforms that mimic 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 citing “taxes” or “fees” and other excuses.