Archive · 19 Jun 2025
US Authorities Seize $225M in Crypto Linked to 'Pig Butchering' Scams
Imagine scammers pretending to be friends to trick you into investing in crypto.
They build trust over time, then show fake profits on fake websites to make you invest more.
Once you invest a large sum, they disappear with your money.
This type of scam is called pig butchering and is becoming more common.
Authorities are working to stop it, and warn people to be careful about online investment offers.
US authorities seized $225 million in cryptocurrency linked to pig butchering scams.
Pig butchering scams are slow and calculated, building trust over weeks or months.
Scammers use fake apps and websites to show false profits and encourage investment.
Scams often originate from countries like Myanmar, Cambodia, and the Philippines.
The Indian Cyber Crime Coordination Centre reports a sharp increase in crypto-related fraud.
- Who
- US authorities, along with international scam networks.
- What
- US authorities seized $225 million in cryptocurrency linked to pig butchering scams.
- When
- The information was announced in recent reports.
- Where
- The US, with scams originating internationally.
- Why
- To combat crypto-related fraud and warn potential victims.
- Seized Amount
- $225 million
- Scam Type
- Pig Butchering
- Originating Countries
- Myanmar, Cambodia, Philippines, India
- Target
- Crypto Investors
- Modus Operandi
- Building trust, fake profits, sudden disappearance
