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Feds Seize $61 Million in Tether Linked to ‘Pig Butchering’ Crypto Scams
Feb 28, 2026
< 1 min read
by Chayanika Deka
for CryptoPotato
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US federal agents have seized more than $61 million worth of USDT. Investigators traced the seized funds to cryptocurrency addresses allegedly linked to the laundering of criminal proceeds obtained through “pig butchering” schemes.
According to the official press release, the funds were connected to scams in which victims were recruited and manipulated into transferring money under false pretenses.
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