DOJ Seizes $225M In Crypto From Global Scam Network

The Justice Department announced the largest U.S. cryptocurrency seizure, targeting over $225 million tied to global “pig butchering” investment scams, according to CNBC. Federal prosecutors filed a civil forfeiture to seize over $225 million in cryptocurrency linked to fraudulent investment platforms. Victims were misled into thinking they were investing in legitimate crypto projects but were defrauded by criminal networks based overseas. The seizure is the largest in U.S. Secret Service history, according to special agent Shawn Bradstreet. Authorities linked the network to at least 400 victims globally, resulting in over $5.8 billion in reported losses last year, according to the FBI.