ChainCatcher News, the U.S. District Attorney’s Office for Eastern North Carolina announced the seizure of over $61 million worth of USDT. These funds have been traced to cryptocurrency addresses associated with “pig-butchering” cryptocurrency investment scams.
Investigations show that criminals often establish romantic relationships to gain victims’ trust, then claim to possess specialized skills for generating high profits through cryptocurrency trading. They guide victims to use fake trading platforms that mimic legitimate ones. These platforms display fictitious high-return investment portfolios, enticing victims to invest more. When victims attempt to withdraw funds, scammers further extort money by citing “taxes” or “fees.”
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Legal application hearing on the 60,000 Bitcoin money laundering case scheduled for July: UK High Court designates leading law firm, sparking controversy
The hearing on the legal issues regarding the case of 60,000 Bitcoin money laundering will be held in July, with the UK High Court appointing Fieldfisher as the lead law firm, sparking controversy. Some law firms are concerned that this may give them an informational advantage and influence client decisions, but the judge emphasized that this move is solely to improve litigation efficiency.
GateNewsBot3m ago
Case of 60,000 Bitcoins Laundering: Legal Application Issue Hearing Held in July; Chinese Victims Must Submit Financial Details by June 18
The case of 60,000 Bitcoin money laundering will hold a legal application hearing in July. Victims must provide financial details by June 18, 2026. The hearing will determine whether Chinese law or UK law applies, affecting victims' compensation rights.
GateNewsBot4m ago
Telegram refuses to delete 155,000 channels, Durov under criminal investigation in Russia
The Federal Security Service of Russia (FSB) has confirmed that a criminal investigation has been launched against Pavel Durov, co-founder and CEO of the instant messaging platform Telegram, on charges of allegedly assisting terrorist activities. The direct trigger for this investigation was Telegram's refusal to cooperate with Russia's removal requests, with the platform not removing a total of 155,000 violating channels, chat groups, and bots.
MarketWhisper59m ago
U.S. Treasury sanctions Russia's "Zero Day" operation: Exposure of stolen U.S. government cyber tools case
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced on February 25th sanctions against Russian exploitation broker Sergey Zelenyuk and his St. Petersburg company Matrix LLC (also known as "Operation Zero"). They are accused of selling stolen U.S. government proprietary network tools, marking the first enforcement case under the Protect American Intellectual Property Act to combat digital trade secret theft.
MarketWhisper1h ago
Bitcoin Depot, a Bitcoin ATM operator, will require identity verification for every transaction at the ATM.
Bitcoin ATM operator Bitcoin Depot will require customers to present identification when using ATMs in response to pressure from multiple state prosecutors and efforts to combat fraud, identity theft, and other crimes. This move comes amid allegations of involvement in scams targeting the elderly, and FBI data shows that cryptocurrency ATM fraud losses in the U.S. are projected to reach $333 million by 2025.
GateNewsBot1h ago
Must-Read for Programmers: Web3 Job Hunting — Avoid These Four High-Risk Gambling-Related Platforms
Author: Shao Shiwei Legal Team
Xiao Wang is a software engineer at a major tech company. In recent years, he has been looking to break through his career bottleneck and explore new professional opportunities, leading him to consider transitioning into Web3. After communicating with headhunters and seeking internal referrals from friends in the industry, Xiao Wang has received several Web3 job offers. The job descriptions generally read:
Design and develop core contracts for prediction markets (AMM, liquidity pools, settlement, arbitration models);
Design and develop decentralized applications for gambling games;
Urgently hiring Java engineers, with mandatory experience in perpetual contracts, matching systems, and more.
Faced with terms like “perpetual contracts,” “on-chain gambling,” and “prediction markets,” Xiao Wang feels somewhat familiar but also senses something is off: the salary offered by the headhunters is quite attractive, significantly higher than his current income, and most importantly, remote work is possible. The digital nomad lifestyle has always been Xiao Wang’s dream.
However, “these kinds of jobs involve
PANews2h ago
