US Authorities Freeze $61M in Crypto Scam Assets

A recent crackdown on cryptocurrency scams has led to a significant seizure of assets by the US authorities. Over $61 million in USDT (Tether) has been frozen as part of an ongoing investigation into 'pig butchering' schemes.

Pig butchering is a type of crypto scam where scammers trick victims into investing in cryptocurrencies, often with false promises of high returns. The scammers then steal the funds from the victims' wallets. This scheme has been gaining traction globally, with many victims reporting significant financial losses.