U.S. authorities have taken significant steps to combat cryptocurrency-related crime with the recent seizure of over $61 million in stolen crypto in North Carolina.
The funds were linked to a 'pig butchering' romance-style investment scam, where victims were lured into fake trading platforms through purported romantic relationships.
According to the U.S. Department of Justice, the seized assets were traced through a chain of wallets controlled by criminal actors who prevented withdrawals and demanded bogus fees and taxes from victims.
The operation demonstrates growing efforts by U.S. authorities to reclaim digital assets used in complex fraud networks and disrupt money-laundering schemes.