⛓️ Crypto🔴 BearishImportance 7/10Actionable

Feds Seize $61 Million in Tether Linked to ‘Pig Butchering’ Crypto Scams

CryptoPotato|Chayanika Deka|February 28, 2026 at 08:45 PM|1 views

🤖AI Summary

Federal authorities seized $61 million in Tether cryptocurrency linked to 'pig butchering' scams following a tip to Homeland Security. The confiscation resulted from uncovering a sophisticated multi-wallet money laundering operation used to hide proceeds from these romance-based crypto frauds.

Key Takeaways

→Federal agents confiscated $61 million worth of Tether (USDT) connected to pig butchering scam operations.
→The seizure followed a tip provided to Homeland Security that helped uncover the laundering scheme.
→Criminals used a multi-wallet strategy to obscure the movement and origin of stolen cryptocurrency funds.
→The case demonstrates increased federal enforcement action against cryptocurrency-based fraud schemes.
→Pig butchering scams continue to represent a significant threat in the cryptocurrency ecosystem.

#tether #usdt #pig-butchering #scam #seizure #homeland-security #money-laundering #enforcement #fraud #stablecoin

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