US moves to recover $2.5 million worth of crypto lost to pig butchering schemes | Headlines | News | CoinMarketCap

07/18/2024 00:27
US moves to recover $2.5 million worth of crypto lost to pig butchering schemes | Headlines | News | CoinMarketCap

The United States Attorney’s Office for the District of Columbia filed a civil forfeiture action to recover over $2 million worth of cryptocurrency …

The United States Attorney’s Office for the District of Columbia filed a civil forfeiture action to recover over $2 million worth of cryptocurrency lost in "pig butchering" scams targeting U.S. citizens. 

The action aims to obtain cryptocurrency that the FBI seized from scammers internationally. The move would secure 2,546,415.01 USDT, valued equivalently in USD, from two accounts from individuals in Thailand engaging in an investment scam, according to a Tuesday release from the Department of Justice.  

"Our office will find and hold accountable criminal organizations — whether they operate within the United States or outside of if — that use fraudulent investment schemes like ‘pig butchering’ to defraud victims in the U.S.,” said U.S. Attorney Matthew Graves in a …

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