CP
cyberpings
BreachesHIGH

DoJ Seizes $61 Million in Tether from Crypto Scams

THThe Hacker NewsFeb 27, 2026
DoJTethercryptocurrencyscamspig butchering
🎯

Basically, the government took $61 million linked to fake cryptocurrency scams.

Quick Summary

The DoJ has seized $61 million in Tether linked to cryptocurrency scams. Victims of these scams often lose their investments. This seizure aims to disrupt fraud and recover funds for those affected.

What Happened

This week, the U.S. Department of Justice (DoJ) made headlines by seizing $61 million in Tether connected to fraudulent cryptocurrency? schemes known as pig butchering?. This term refers to a type of scam where victims are lured into investing in fake crypto projects, only to lose their money. The DoJ revealed that these funds were linked to addresses used for laundering? money obtained from unsuspecting victims.

The seizure is part of a broader crackdown on cryptocurrency? fraud, which has surged in recent years. These scams? often target individuals through social media or dating apps, promising high returns on investments. Once victims invest, they find it nearly impossible to retrieve their funds, leaving them devastated and financially ruined. The DoJ's actions aim to disrupt these criminal operations and recover funds for victims.

Why Should You Care

You might think cryptocurrency? scams? are far removed from your daily life, but they can affect anyone. Imagine being promised a quick way to make money online, only to discover it was a scam. Your financial safety is at risk if you don’t stay informed about these schemes.

If you use or are considering using cryptocurrency?, understanding these scams? is crucial. They can happen to anyone, regardless of experience. Just like a phishing email that tricks you into giving away your password, these scams? exploit trust and promise unrealistic returns. Protecting yourself means being aware of the signs of fraud.

What's Being Done

The DoJ is actively working to combat these scams? and has taken significant steps to recover stolen funds. Here’s what you can do if you’re concerned about your investments:

  • Stay informed about common cryptocurrency? scams?.
  • Avoid sharing personal information with unknown parties online.
  • Report any suspicious activity to authorities immediately.

Experts are closely monitoring the situation to see if this seizure leads to further actions against other scammers. The goal is to create a safer environment for cryptocurrency? users everywhere.

💡 Tap dotted terms for explanations

🔒 Pro insight: The seizure signals a proactive approach by the DoJ, likely to deter future scams and restore confidence in crypto investments.

Original article from

The Hacker News

Read Full Article

Share

Related Pings

HIGHBreaches

Prison Hack Exposes Online Checkout Vulnerabilities

Inmates at a Romanian prison hacked self-service kiosks, raising alarms about online payment security. As JavaScript vulnerabilities emerge, your financial data could be at risk. New PCI DSS rules are being introduced to combat these threats.

Smashing Security·Oct 22, 2025
HIGHBreaches

Zombie Apocalypse Hack Haunts US Airwaves Again

Hackers are hijacking TV broadcasts, sending fake alerts and inappropriate content. This affects everyone who relies on media for information. Broadcasters are tightening security, but the threat remains real.

Smashing Security·Nov 27, 2025
HIGHBreaches

Hacker Exposed: Epstein Files Reveal Troubling AI Missteps

Redacted Epstein files accidentally expose a hacker's identity due to AI missteps. This raises concerns about data security and trust. Experts urge stronger safeguards to prevent such incidents.

Smashing Security·Feb 5, 2026
HIGHBreaches

SonicWall Breach: Attackers Target Security Tools Directly

A breach involving SonicWall VPN credentials has led to hackers disabling security tools. This puts countless organizations at risk, exposing sensitive data. Immediate action is needed to secure systems and credentials.

Huntress Blog·Feb 4, 2026
HIGHBreaches

Notepad++ Supply Chain Attack Unveils New Threats

Kaspersky experts uncovered new infection methods in Notepad++ supply chain attacks. Users are at risk of malware sneaking in unnoticed. Stay updated and secure your systems to avoid potential threats.

Kaspersky Securelist·Feb 3, 2026
HIGHBreaches

FBI Unveils 630 Million Pwned Passwords

The FBI has uncovered 630 million stolen passwords, raising alarms about cybersecurity. If you've reused passwords, your accounts could be at risk. Act now to protect yourself by changing passwords and enabling two-factor authentication.

Troy Hunt·Dec 12, 2025