Justice Department Seizes $61 Million Worth of Tether from Pig Butchering Crypto

[Dave1]

https://www.justice.gov/usao-ednc/pr/us-attorneys-office-ednc-announces-seizure-61-million-dollars-worth-cryptocurrency

I guess it just shows that criminals are not that smart to used crypto to hide everything. To be honest, they can't really cover their tracks here as they uses a crypto that can be frozen anytime or again, can easily be followed by blockchain analysis.

So this is a trans national group and obviously organize, but still they can't get away from the government.

[_act_]

So this is a trans national group and obviously organize, but still they can't get away from the government.

Pig butchering scam group are different from hackers group like Lazarus. A scammer may be excellent and know how to scam but the scammer may be smart like hackers. There are scammers that does not know simple exchange of crypto to fiat and fiat to crypto but they can be good in romance scam.

[Majestic-milf]

So this is a trans national group and obviously organize, but still they can't get away from the government.

Pig butchering scam group are different from hackers group like Lazarus. A scammer may be excellent and know how to scam but the scammer may be smart like hackers. There are scammers that does not know simple exchange of crypto to fiat and fiat to crypto but they can be good in romance scam.

You're right. You know, when people hear that doing business transactions in crypto ensures privacy and your fund may not be traced, they feel it ends there and don't bother themselves further. It's not all scammers that know how the Blockchain works, as long as the money is coming to them, they are okay and this incidence here is proof of it.

[Z-tight]

This is just another reminder that if you store or hold usdt even in your own wallet, it can be frozen and taken from you. That's why i always recommend that people do not hold usdt for the long term, it is centralized and the issuers can freeze it anytime.

However, in this case the seizure was for a good purpose, as funds were recovered from criminals. Though i do not have my hopes high that any of this money will get back to the victims, the government would surely keep it for themselves.

[Dave1]

So this is a trans national group and obviously organize, but still they can't get away from the government.

Pig butchering scam group are different from hackers group like Lazarus. A scammer may be excellent and know how to scam but the scammer may be smart like hackers. There are scammers that does not know simple exchange of crypto to fiat and fiat to crypto but they can be good in romance scam.

It doesn't matter, they still operate on the same principle, stealing people's crypto so there's not much of a difference in my opinion. Even those so called hackers are not that smart because some of them have been caught as well.

And just one mistake from this criminals, they are going to be caught by the authorities. Although, it's going to be a long battle as cyber criminals are growing in numbers are it is a very lucrative business for them.

[SuperBitMan]

So this is a trans national group and obviously organize, but still they can't get away from the government.

Pig butchering scam group are different from hackers group like Lazarus. A scammer may be excellent and know how to scam but the scammer may be smart like hackers. There are scammers that does not know simple exchange of crypto to fiat and fiat to crypto but they can be good in romance scam.

It doesn't matter, they still operate on the same principle, stealing people's crypto so there's not much of a difference in my opinion. Even those so called hackers are not that smart because some of them have been caught as well.

And just one mistake from this criminals, they are going to be caught by the authorities. Although, it's going to be a long battle as cyber criminals are growing in numbers are it is a very lucrative business for them.

One thing you all should understand is that some of this scams or hackers you see being caught by the authorities, a lot of them were caught because they decided to live a lavish lifestyle, they buy a lot of expensive things that ordinary they can’t afford, this is mostly how they draw the attention of the authorities to themselves and when the authorities start some investigation on them and visit their home they find evidence of them being involved in crypto scam or hacking, I have seen a lot of stories that crypto scammers or hackers are caught this way.
In the United States most catch you see are usually done this way.

Hackers and scammers operate differently, hackers group are more smarter when it comes to hide themselves and deleting any trace and that is why they hardly get caught the way scammers group get caught easily.
Hackers group has more crypto knowledge than scammers group.

[YOSHIE]

So this is a trans national group and obviously organize, but still they can't get away from the government.

I see that in the last few years (the FBI) ​​and also the department of justice have revealed a lot from investigations in various cases about cryptocurrency fraud schemes, especially Bitcoin, which were carried out illegally, by analyzing "blockchain" transactions.

With the various cases that have been successfully carried out by the US authorities, this proves one of the safe signs for crypto users against fraudulent acts with the existence of a distributed public ledger and which is run through a decentralized computer network, investigators can easilygetting suspicious and illegal transactions, for me this is one of the important points legally where the US government has mastered certain areas in the crypto sector by utilizing blockchain technology.

[zasad@]

This is a classic scam used by scammers from Myanmar and similar call centers. The scammers flaunt their affluent lifestyle on social media and lure gullible newcomers to fake exchanges. I read that one small fraudulent call center makes $30-60 million a month, and there are hundreds of them in Myanmar alone. Compare the number of scams with the number of seizures.