United States prosecutors announced nearly $5 million worth of Tether (USDT) has been seized from a crypto scammer, while in Kansas, a former bank CEO is going to jail for embezzlement.
United States prosecutors have claimed victories in two separate cases involving crypto pig butchering this week. Funds were recovered in one, and a former bank boss was jailed in another.
On Aug. 22, the US District Attorney’s Office for the Eastern District of North Carolina announced the seizure of nearly $5 million worth of Tether (USDT) belonging to a pig butchering ring.
It stated that the funds were traced to crypto addresses allegedly linked to laundering proceeds stolen from crypto pig butchering scams.
