The U.S. Department of Justice (DoJ) has seized $61 million in Tether (USDT) linked to "pig butchering" cryptocurrency scams, according to reports. These scams involve fraudsters building trust with victims before convincing them to invest in fraudulent crypto schemes. The seized funds highlight ongoing efforts to combat illicit activities within the cryptocurrency space and protect investors from sophisticated financial frauds. The development underscores the importance of regulatory oversight and law enforcement in the digital asset ecosystem.

The U.S. Department of Justice (DoJ) has seized $61 million in Tether (USDT) linked to "pig butchering" cryptocurrency scams, according to reports. These scams involve fraudsters building trust with victims before convincing them to invest in fraudulent crypto schemes. The seized funds highlight ongoing efforts to combat illicit activities within the cryptocurrency space and protect investors from sophisticated financial frauds. The development underscores the importance of regulatory oversight and law enforcement in the digital asset ecosystem.