Federal agents in the Eastern District of North Carolina seized nearly $8.5 million in Tether, a cryptocurrency tied to the U.S. dollar, that investigators traced to a wallet used in a “pig‑butchering” investment scam. The U.S. Attorney’s Office said the seizure strikes at organized criminals who prey on unsuspecting citizens. An FBI special agent noted the loss of hundreds of thousands of dollars from victims who had used funds from personal savings to invest in fake cryptocurrency platforms. Court filings describe how fraudsters lure victims through romance or business relationships, then direct them to fraudulent exchanges that freeze withdrawals. Since 2024, the FBI and the U.S. Attorney’s Office have seized more than $15 million in similar cases. Victims are urged to report incidents to the IC3 and FTC.
https://www.fbi.gov/contact-us/field-offices/charlotte/news/department-of-justice-agents-seize-85-million-in-cryptocurrency-and-disrupt-investment-fraud-scheme
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