A Kansas banker who looted millions from his small-town bank in 2023, which triggered its collapse, lost much of the money to overseas crypto scammers targeted in a record-breaking DOJ…
Officials with the US Department of Justice announced the seizure by the Secret Service of more than $225 million “linked to cryptocurrency investment scams.”In a Wednesday notice, the DOJ said it had…
In brief
U.S. feds have said they've filed to seize $225.3 million in USDT, Tether's dollar-pegged stablecoin.
The cryptocurrency in question was linked to Asian "pig butchering" or confidence scams.
USDT issuer…
In brief
Alabama securities regulators recovered over $125,000 in crypto assets for two residents who lost nearly $580,000 total to "pig butchering" romance scams.
The scams involved victims being convinced to invest…
The U.S. Department of the Treasury has sanctioned a Philippines-based tech company, Funnull Technology Inc., for providing the computer infrastructure for “hundreds of thousands of websites” involved in pig butchering…
The U.S. Department of the Treasury Office of Foreign Assets Control (OFAC) imposed sanctions on Funnull Technology, a provider of technology for websites allegedly involved in so-called pig butchering scams,…