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North Carolina Crackdown Leads to Recovery of $61M in Illicit Crypto Funds
Federal officials took more than $61 million in Tether (USDT), a stablecoin that is tethered to the US dollar. This was part of a big cryptocurrency investment fraud scam called “pig butchering.” The U.S. Attorney’s Office for the Eastern District of North Carolina said on February 25, 2026, that the funds will be forfeited. They called it one of the biggest single recoveries of stablecoin assets linked to romance-based crypto frauds in previous U.S. law enforcement efforts. The money that was taken was stored in several cryptocurrency wallet addresses that were used to launder money from victims on several ... (full story)
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