A U.S. prosecutor's office seized $61 million in USDT, funds linked to a "pig butchering" cryptocurrency investment scam.

 the U.S. Eastern District of North Carolina Prosecutor's Office announced the seizure of USDT worth over $61 million. These funds were traced to cryptocurrency addresses related to "pig-butchering" cryptocurrency investment scams.

Investigations show that criminals typically gain victims' trust by pretending to establish romantic relationships, then claim to have professional skills to obtain high profits through cryptocurrency trading, guiding victims to use fake trading platforms that impersonate legitimate platforms. These platforms display fictitious high-return investment portfolios to entice victims to increase their investments. When victims attempt to withdraw funds, scammers further extort money by using excuses such as needing to pay "taxes" or "fees."