DoJ Seizes $61 Million in Tether Linked to Pig Butchering Crypto Scams
ID: f85909cd-d3d0-5d49-8ac2-4bd0179133a8
STIX ID: report--f85909cd-d3d0-5d49-8ac2-4bd0179133a8
Feed Name: The Hacker News
Threat Score
The U.S. Department of Justice seized $61 million in Tether connected to pig-butchering cryptocurrency investment scams run by transnational criminal syndicates that recruit and coerce individuals in scam compounds. The report details social-engineering tactics on dating and social media, fraudulent investment platforms that prevent withdrawals, and rapid wallet routing used to launder proceeds; it also notes Tether has frozen roughly $4.2 billion in assets linked to illicit activity.
Your team is not currently subscribed to this feed. You must subscribe to it in order to see this post.