{"id":1120,"date":"2026-02-28T21:32:19","date_gmt":"2026-02-28T21:32:19","guid":{"rendered":"https:\/\/blog.coinsignals.net\/?p=1120"},"modified":"2026-02-28T21:32:19","modified_gmt":"2026-02-28T21:32:19","slug":"us-authorities-confiscate-61-million-in-tether-tied-to-pig-butchering-scams","status":"publish","type":"post","link":"https:\/\/blog.coinsignals.net\/index.php\/2026\/02\/28\/us-authorities-confiscate-61-million-in-tether-tied-to-pig-butchering-scams\/","title":{"rendered":"US Authorities Confiscate 61 Million in Tether Tied to Pig Butchering Scams"},"content":{"rendered":"\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"862\" height=\"862\" data-id=\"1121\" src=\"https:\/\/blog.coinsignals.net\/wp-content\/uploads\/2026\/02\/IMG_1671.jpeg\" alt=\"\" class=\"wp-image-1121\" srcset=\"https:\/\/blog.coinsignals.net\/wp-content\/uploads\/2026\/02\/IMG_1671.jpeg 862w, https:\/\/blog.coinsignals.net\/wp-content\/uploads\/2026\/02\/IMG_1671-300x300.jpeg 300w, https:\/\/blog.coinsignals.net\/wp-content\/uploads\/2026\/02\/IMG_1671-150x150.jpeg 150w, https:\/\/blog.coinsignals.net\/wp-content\/uploads\/2026\/02\/IMG_1671-768x768.jpeg 768w, https:\/\/blog.coinsignals.net\/wp-content\/uploads\/2026\/02\/IMG_1671-200x200.jpeg 200w\" sizes=\"auto, (max-width: 862px) 100vw, 862px\" \/><\/figure>\n<\/figure>\n\n\n\n<p>US federal agents have seized more than 61 million dollars in Tether after tracing the funds to wallets allegedly connected to large scale pig butchering crypto scams.<\/p>\n\n\n\n<p>According to an official statement, investigators linked the assets to schemes in which victims were manipulated into transferring money under false investment promises. The case began after a complaint was submitted to Homeland Security Investigations, whose agents in Raleigh tracked the movement of funds across multiple cryptocurrency wallets used to obscure their origin.<\/p>\n\n\n\n<p><strong>Romance Tactics and Fake Trading Platforms<\/strong><\/p>\n\n\n\n<p>Court documents describe how scammers built trust with victims, often posing as romantic partners. After establishing a relationship, they claimed to possess insider trading knowledge capable of generating high returns in cryptocurrency markets.<\/p>\n\n\n\n<p>Victims were then directed to fraudulent trading platforms designed to mimic legitimate exchanges. These sites displayed fabricated portfolios and inflated profits to encourage larger deposits. When victims attempted to withdraw their funds, they were told to pay additional taxes or fees, which allowed scammers to extract even more money.<\/p>\n\n\n\n<p>Authorities say the stolen funds were quickly moved through a network of wallets to conceal ownership and control. Some of those wallets still contained significant sums, enabling law enforcement to seize and initiate forfeiture proceedings.<\/p>\n\n\n\n<p><strong>Broader Enforcement Efforts<\/strong><\/p>\n\n\n\n<p>Tether has collaborated with international authorities in multiple financial crime investigations, helping to freeze and recover illicit assets.<\/p>\n\n\n\n<p>In July 2025, the United States Department of Justice announced a civil forfeiture action involving 1.6 million dollars in USDT allegedly linked to terror financing through Buy Cash Money and Money Transfer Company.<\/p>\n\n\n\n<p>Earlier in June 2025, Brazilian officials credited Tether with assisting in blocking approximately 6.2 million dollars tied to a cross border laundering scheme involving Klever Wallet. That same month, the Justice Department and OKX supported a forfeiture complaint targeting roughly 225 million dollars in USDT connected to similar pig butchering operations. In March 2025, the United States Secret Service froze 23 million dollars linked to transactions on the sanctioned Russian exchange Garantex.<\/p>\n\n\n\n<p>The latest seizure underscores the growing coordination between stablecoin issuers and global law enforcement as authorities intensify efforts to combat crypto enabled financial crime.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>US federal agents have seized more than 61 million dollars in Tether after tracing the funds to wallets allegedly connected to large scale pig butchering crypto&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1120","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/1120","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/comments?post=1120"}],"version-history":[{"count":1,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/1120\/revisions"}],"predecessor-version":[{"id":1122,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/1120\/revisions\/1122"}],"wp:attachment":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/media?parent=1120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/categories?post=1120"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/tags?post=1120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}