'Pig Butchering' Seizure Is A Milestone In Crypto Crime Fight

The world of cryptocurrency has become a fertile ground for sophisticated scams – including the so-called pig butchering scheme, which is among the most insidious and financially devastating. However, a recent operation, announced in June, led by the US Secret Service and resulting in the seizure of over USD 225 million in cryptocurrency, marks a significant turning point in the global fight against these elaborate criminal enterprises.

This landmark seizure of cryptocurrency, the largest in the US Secret Service's history, not only represents a massive financial blow to scammers but also highlights the critical role of collaboration between law enforcement and the crypto industry.

In this article, published in Law360, David Zaslowsky explains the scam, as well as the likely ramifications from this historic seizure.

Click to read the full article.