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DOJ seizes record $225 million in crypto tied to global ‘pig butchering’ scams

UNITED STATES, JUN 18 – The U.S. seized $225.3 million in Tether stablecoins from scams defrauding over 400 victims worldwide, marking the largest crypto seizure in Secret Service history.

  • The Justice Department announced the largest-ever U.S. seizure of cryptocurrency linked to 'pig butchering' scams, amounting to over $225 million.
  • Federal prosecutors filed a civil forfeiture action targeting more than $225 million in cryptocurrency connected to fraudulent investment platforms.
  • Authorities stated that the scam network involved at least 400 suspected victims globally, including many in the U.S.
  • The DOJ recognized Tether, the largest stablecoin issuer, for its assistance during this operation.
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NBC Chicago broke the news in Chicago, United States on Wednesday, June 18, 2025.
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