U.S. Federal Prosecutors Seize More Than $580M Crypto From Pig-Butchering (romance-investment scam) Networks

The U.S. Department of Justice reported that its Scam Center Strike Force seized over $580 million in cryptocurrency from a China-linked criminal organization operating in Southeast Asia. The confiscated assets were tied to a pig-butchering fraud scheme, a blend of romance and investment scams. The DOJ stated the funds will be returned to victims when feasible, marking a significant enforcement action against international crypto fraud.

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