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Chinese Nationals Took $13M in ‘Pig Butchering’ Scam: DOJ

Summary by Tekedia
The U.S. Secret Service has taken significant steps to combat cryptocurrency-related scams, focusing on sophisticated fraud schemes like “pig butchering.” In June 2025, the Secret Service, in collaboration with Coinbase, seized $225 million in cryptocurrency, primarily USDT, linked to pig butchering scams. This operation marked the largest crypto seizure in the agency’s history, with funds […] The post U.S. Secret Service Is Focusing On Combatin…

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Blockchain Magazine broke the news in on Tuesday, July 8, 2025.
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