Over $61 million in USDT seized in the US amid crypto romance scam
Federal agents in the United States confiscated over $61 million in USDT tied to a so-called "pig butchering" scheme — a scam where perpetrators establish romantic relationships with victims to steal their funds.
Source Incrypted
The scammers would meet victims often under the guise of romance, gain their trust, and persuade them to invest in cryptocurrency. The money was sent to fake trading platforms promising fabricated profits. When victims tried to withdraw funds, they were asked to pay "taxes" or fees, after which the money disappeared. The stolen assets were laundered through a series of wallets to conceal their origin.
This case highlights the importance of vigilance when investing in crypto assets and the need to verify trustworthy partners, as fraudsters evolve increasingly sophisticated tactics. Authorities are expected to continue investigations into similar cases to prevent such scams in the future.
