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US DOJ Seizes $225 Million in Crypto Linked to 'Pig Butchering' Scams

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Source: The Hill
US DOJ Seizes $225 Million in Crypto Linked to 'Pig Butchering' Scams
Photo: The Hill
TL;DR

The U.S. Department of Justice has seized over $225 million in cryptocurrency, marking the largest-ever crypto seizure related to 'pig butchering' scams, which involve developing trust with victims to defraud them through elaborate schemes. The funds were linked to a sophisticated money laundering network, and the operation involved multiple federal agencies working to trace and recover the illicit assets, protecting victims worldwide.

Topics:businessworld#cryptocurrency#doj#pig-butchering#scams#seizure#world
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  1. DOJ announces largest-ever crypto seizure related to ‘pig butchering’ scams  The Hill
  2. DOJ seizes record $225 million in crypto tied to global 'pig butchering' scams  CNBC
  3. US seizes record $225 million from crypto investment scammers  CNN
  4. US Seizes $225.3 Million in Cryptocurrency Tied to Investment Fraud Schemes  PYMNTS.com
  5. US DOJ files to seize $225M in crypto tied to pig butchering schemes  Cointelegraph

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