• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Stock

DOJ seizes record $225 million in crypto tied to global ‘pig butchering’ scams

by June 19, 2025
written by June 19, 2025

The Justice Department announced Wednesday the largest-ever U.S. seizure of cryptocurrency linked to so-called “pig butchering” scams that have cost victims billions globally.

Federal prosecutors filed a civil forfeiture action targeting more than $225 million in cryptocurrency traced to a sprawling web of fraudulent investment platforms. Victims were tricked into believing they were investing in legitimate crypto ventures, only to be scammed by criminal networks often operating overseas.

“This seizure of $225.3 million in funds linked to cryptocurrency investment scams marks the largest cryptocurrency seizure in U.S. Secret Service history,” said Shawn Bradstreet, special agent in charge of the U.S. Secret Service’s San Francisco Field Office, in a statement.

Authorities said the network was connected to at least 400 suspected victims worldwide, including dozens in the U.S. Crypto fraud was responsible for more than $5.8 billion in reported losses last year, according to FBI data.

The seized funds are now subject to forfeiture proceedings aimed at eventually returning money to victims.

The U.S. Secret Service and FBI used blockchain analysis and other tools to trace the cryptocurrency back to stolen assets. The DOJ credited Tether, the world’s largest stablecoin issuer, for assisting in the operation.

According to the complaint, the funds were linked to the theft and laundering of money from victims of cryptocurrency investment fraud schemes, commonly known as confidence scams that often involve romance.

The network relied on hundreds of thousands of transactions to obscure the origin of the funds, using sophisticated blockchain maneuvers to conceal the flow of stolen assets.

This post appeared first on NBC NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Vance defends Gabbard as ‘critical part’ of Trump team after president dismissed Iran nuke threat comments
next post
‘Instincts for restraint’: Senate divided over who gets to declare war

related articles

YouTube to pay $24 million to settle Trump...

October 1, 2025

Charlie Javice sentenced to 7 years in prison...

October 1, 2025

Video game maker Electronic Arts to be acquired...

October 1, 2025

Nearly 200,000 BMWs recalled over potential fire risk

September 30, 2025

Trump says U.S. will impose new tariffs on...

September 29, 2025

Former Fed chairs warn that removing Lisa Cook...

September 27, 2025

Amazon to pay $2.5 billion to settle FTC...

September 27, 2025

The charm of watching movies in theaters is...

September 25, 2025

Ben & Jerry’s co-founder resigns, claiming parent company...

September 18, 2025

LimeWire acquires Fyre Festival, asking ‘What Could Possibly...

September 17, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Top Republican demands ‘costs’ for China after it hacked Treasury Dept in year marked by CCP espionage

    December 31, 2024
  • Supreme Court dusts back administrative state in win for Trump, blow to Biden-appointed FTC commissioner

    September 22, 2025
  • Vital Western alliance countries’ heavy dependence on China major problem: ‘dangerously exposed’

    August 3, 2024
  • Head of UN watchdog says UNRWA hired people ‘who were supporting terrorism’

    February 14, 2025
  • Pause in US foreign aid has UN in panic over funding cuts, Trump says world body ‘not being well run’

    March 6, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (6,247)
  • Investing (634)
  • Stock (935)

Latest Posts

  • Fed minutes point to ‘likely’ rate cut coming in September

    August 22, 2024
  • 7 ways that Starbucks CEO Brian Niccol plans to change the coffee chain

    November 1, 2024
  • Kamala Harris’ new climate director said she is hesitant to have children because of climate change threats

    September 10, 2024

Recent Posts

  • Trump nominates Rep. Lori Chavez-DeRemer as secretary of labor

    November 23, 2024
  • Democrats capitalize on GOP Jeffrey Epstein fallout with new demands for Jim Jordan

    July 15, 2025
  • FBI’s Trump probe ‘Arctic Frost’ also investigated Charlie Kirk’s TPUSA, Grassley reveals

    September 16, 2025

Editor’s Pick

  • Snoop Dogg wows Trump inauguration Crypto Ball with Bob Marley song

    January 19, 2025
  • Karine Jean-Pierre reveals mom’s cancer diagnosis — and why she kept it secret

    January 23, 2025
  • Iran foreign minister vows nuclear enrichment will continue ‘with or without a deal’

    May 19, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock