Pig-Butchering Scams Operators Scaled Their Operations with The Support of AI-Assistants

Pig-Butchering Scams Operators Scaled Their Operations with The Support of AI-Assistants

Pig-butchering scams have grown into one of the most damaging global cybercrime threats, causing billions of dollars in losses every year. These long-term investment fraud schemes work by building trust through emotional grooming and fake trading platforms before draining victims of their life savings. The scams now operate at an industrial scale, and criminal groups […] The post Pig-Butchering Scams Operators Scaled Their Operations with The Su…

Tether Freezes $45M In USDT, Exposing Sophisticated ‘Pig Butchering’ Crypto Fraud Networks

On October 31st, 2025, USDT stablecoin issuer Tether carried out one of its most massive address-freezing operations of the year, immobilizing more than $45 million in USDT across 15 Ethereum addresses linked to large-scale fraud. This marks roughly double the volume of Tether’s previous major freeze, which targeted addresses associated with the sanctioned exchange Garantex, highlighting both the scale and persistence of illicit activity in the …

USA v. USDT.ETH: Forfeiture Complaint (‘Pig-Butchering Proceeds’)

Forfeiture Complaint regarding the alleged proceeds of ‘pig-butchering’ fraud “seized from nine separate cryptocurrency wallet addresses on the Ethereum Blockchain totaling to approximately 66,331,991 USDT (Tether) worth approximately $66,331,991” in USA v. All USDT.ETH from nine cryptocurrency addresses at the U.S. District Court for the District of Columbia.The post USA v. USDT.ETH: Forfeiture Complaint (‘Pig-Butchering Proceeds’) first appear…