Tether USDt

<ul><li>Nearly $5 million in USDT linked to a crypto investment fraud scheme was seized.</li><li>The scam involved creating fake romantic relationships to deceive victims into investing.</li><li>The FBI successfully traced and recovered some stolen funds, with Tether&#39;s assistance.</li></ul>The U.S. Attorney’s office for the Eastern District of North Carolina had <a href="https://www.justice.gov/usao-ednc/pr/investment-fraud-disrupted-seizure-5-million-cryptocurrency#:~:text&#61;%E2%80%9CAmericans%20are%20losing%20their%20life&#39;s,retirement%20account%20to%20a%20scam" rel="noopener noreferrer nofollow">seized</a> nearly $5 million in cryptocurrency connected to a complex investment fraud scheme known as “pig butchering.”The authority announced the recovery of these funds, which were traced to cryptocurrency addresses, allegedly used to launder proceeds from scam victims. The case is being appraised for adapting to the “changing criminal landscape“ and the continued efforts of law enforcement to combat these crimes.The Fraudulent SchemeIn the “pig butchering” scheme, criminals targeted victims by posing as potential romantic partners. Once they gained the trust of their victims, the scammers introduced them to a fake cryptocurrency trading platform.These platforms closely resembled legitimate ones, showcasing fake investment portfolios with exaggerated returns. The victims, lured by the promise of high profits, were encouraged to invest more money. However, when they attempted to withdraw the funds, they were met with various excuses, including demands for additional payments disguised as taxes or penalties.<a href="https://cryptotale.org/5m-in-crypto-seized-by-fbi-in-north-carolina-fraud-case/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

$5M in Crypto Seized by FBI in North Carolina Fraud Case

CryptoTale

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