Billions in bitcoin taken by the DOJ from a large crypto scam in Cambodia known as ‘pig butchering’
Government Seizes $15 Billion in Bitcoin The U.S. government has seized a staggering $15 billion worth of Bitcoin, marking this as the largest confiscation of its kind in history. This comes as part of the dismantling of a significant “pig butchering” network, as described by authorities. On Tuesday, federal prosecutors out of Brooklyn, New York, […]
DOJ takes $15B in bitcoin from ‘pig butchering’ operation
The Department of Justice (DOJ) has revealed that it has seized a record-breaking sum of money in a single operation aimed at suspected fraudsters from Colombia. They managed to recover $15 billion worth of Bitcoin tied to the activities of Cheng Zhi, who is also known as Vincent. As of now, he hasn’t been arrested. […]
US DOJ seeks to take $225M in cryptocurrency linked to pig butchering scams
DOJ Targets Cryptocurrency Investment Fraud Officials from the U.S. Department of Justice have revealed a coordinated effort alongside the Secret Service to address a significant cryptocurrency investment fraud case, amounting to over $225 million. In a notice issued on Wednesday, the DOJ announced that they had filed civil forfeiture actions against more than $225.3 million […]
Justice Department Moves to Claim a Record $225 Million Linked to ‘Pig Butchering’ Crypto Scams
Simply put The U.S. federal government has moved to seize $225.3 million in USDT, which is Tether’s dollar-pegged stablecoin. This particular cryptocurrency is linked to what’s known as “pig slaughter” or confidence fraud. Tether collaborated with the U.S. Secret Service to facilitate these seizures. On Wednesday, officials revealed they filed to seize a significant amount […]
DOJ reveals biggest cryptocurrency confiscation linked to ‘pig butchering’ frauds
The Justice Department revealed on Wednesday that it has executed the largest seizure of cryptocurrency ever linked to what’s referred to as pig breeding fraud. A civil forfeiture complaint was filed by the U.S. Attorney’s Office in the District Court for the District of Columbia, involving the seizure of over $225.3 million in cryptocurrency. Federal […]