Authorities started an inquiry into the scheme in the spring of 2023 and disclosed that cryptocurrency had been confiscated from funds connected to 37 victims.
The United States Attorney’s Office in Massachusetts has initiated legal proceedings to reclaim cryptocurrency linked to a scheme dubbed the “pig butchering” operation, which victimized a Massachusetts resident and 36 others.
The U.S. Attorney’s Office filed a civil forfeiture action on March 13 aimed at returning $2.3 million in a variety of cryptocurrencies, including USD Coin (USDC), Tether (USDT), Ether (ETH) and Solana’s SOL (SOL), to the victims of online scams and fraud.
A civil forfeiture action is a legal process through which law enforcement agencies seize assets, such as property or funds, that they suspect are involved in illegal activity. In these cases, the assets are considered the defendant in the legal proceedings rather than any person.
