CoinWorld News reports that, according to the U.S. Department of Justice, the U.S. 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 to generate high profits through cryptocurrency trading, guiding victims to use fake trading platforms that imitate legitimate ones. These platforms display fictitious high-return investment portfolios, enticing victims to increase their investments. When victims attempt to withdraw funds, scammers further extract money by citing the need to pay "taxes" or "fees."
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CoinWorld News reports that, according to the U.S. Department of Justice, the U.S. 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 to generate high profits through cryptocurrency trading, guiding victims to use fake trading platforms that imitate legitimate ones. These platforms display fictitious high-return investment portfolios, enticing victims to increase their investments. When victims attempt to withdraw funds, scammers further extract money by citing the need to pay "taxes" or "fees."