US DOJ cracks the piggy bank: $225M crypto haul tied to 'pig butchering' scams
19.06.2025
18203
Justice Department officials announced the Secret Service snagged over $225M in crypto linked to investment scams. Over 400 victims got fattened up before the chop.
The US DOJ just dropped the hammer, seizing a whopping $225M in crypto tied to shady investment schemes. Think 'pig butchering' but with your life savings.
Over 400 folks got played, losing millions to scams where crooks sweet-talk them into pouring more cash into fake crypto investments. Classic fatten-then-slaughter move.
Stablecoin bigwig Tether tipped their hat to the DOJ for the assist. Meanwhile, the FBI's crying over $5.8B lost to crypto scams in 2024 alone. Yikes.
Scam crackdown goes nationwide
New York's not sitting idle—they froze $140K and locked down another $300K tied to social media crypto cons. Over 300 victims, over $1M gone. The grift never sleeps.
- • DOJ's playing Robin Hood with seized crypto, aiming to pay victims back.
- • Fake crypto ads on socials? Still a goldmine for scammers.
- • GENIUS Act got a nod, but the DOJ's eyes are on the scammers, not the stablecoin drama.
"People getting scammed out of their life savings is our focus," says the DOJ. Translation: Your meme coin tweets are safe... for now.
#hack#legislation#cybersecurity#stablecoins#USA
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