US Department of Justice Seizes $9M USDT Linked to Organized Pig Butchering Fraud Network
2026-06-17 19:51

Woofun AI reports that the U.S. Department of Justice executed a seizure of approximately $9 million in USDT, attributing the assets to a coordinated fraud network. The operation specifically targeted the 'pig butchering' scam model, where perpetrators cultivated trust through fabricated romantic or personal connections before coercing victims into transferring funds based on fictitious cryptocurrency investment returns.

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