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Friday, jun 19
Tag:
Blockchain
News
Crypto Crackdown: $225M In Stolen Funds Seized In Global ‘Pig Butchering’ Scam: DOJ
Federal officials seized more than $225 million in stolen cryptocurrency in what they say is the largest-ever seizure of funds linked to a crypto confidence scam in US history. The civil forfeiture complaint, filed in Washington, DC, targets over $225.3 million in crypto assets that investigators say were tied to a complex global fraud operation. According to the Justice Department, scammers used fake cryptocurrency investment platforms to trick hundreds of victims into transferring money into fraudulent accounts. Authorities say the scammers dispersed stolen funds across hundreds of…
News
'Heartless Frauds': Feds Seize Record $225M In Crypto From 'Pig Butchering' Scammers
Federal agents have seized the largest amount of cryptocurrency ever related to "pig butchering" scams, where victims were tricked into fake online relationships. The Department of Justice announced the seizure of $225.3 million in crypto from the global "confidence scam" on Wednesday, June 18. The scam is also known as "pig butchering" since it uses tactics used to "fatten up" victims before draining their savings. Scammers relied on false identities through online messaging to gain trust and enter fake relationships before pushing fraudulent investments. "These scams prey …
Business
Alexis Ohanian Joins Bid To Buy TikTok, Promises 'Revitalized' App Protecting User Data
A co-founder of Reddit is looking to get involved with another popular online platform: TikTok. Entrepreneur Alexis Ohanian is joining "The People's Bid for TikTok" as a strategic advisor. Project Liberty, a nonprofit aiming to build a "people-powered internet," announced Ohanian's addition to the bid in a news release on Monday, Mar. 3. Led by billionaire founder Frank McCourt, Project Liberty's bid for TikTok was submitted to the app's parent company ByteDance earlier in 2025. The group aims to rebuild TikTok on a decentralized framework that prioritizes security for its 17…
Business
$1.4M In Crypto Seized During Historic Virginia Bust, Sheriff Says
A single text message, sent to the wrong person, led to one of the largest cryptocurrency recoveries in Virginia history. The Loudoun County Sheriff's Office (LCSO) announced Monday, Feb. 24, that it seized $1.4 million in stolen cryptocurrency—recovered from a sophisticated “pig butchering” scam. Officials believe the bust is among the first and largest of its kind in the state. “This seizure sends a clear signal to bad actors: Loudoun County is coming for you,” Sheriff Mike Chapman said. “We will not allow our citizens to be taken advantage of and will do everything possible to get…
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