“$200,000 saved at the last minute from fraud. Although it often ends badly for them, scammers unfortunately use cryptocurrencies in their schemes. Among the most common is the pig processing scam, which combines a fake romance and fake crypto-investments to extort real money. Key points of this article: US authorities seized $200,000 […]”, — write: businessua.com.ua
$200,000 saved at the last minute from fraud. Although it often ends badly for them, scammers, unfortunately, use cryptocurrencies in their schemes. Fraud is among the most common with the processing of pigs which combines a fake romance and fake crypto investments to extort real money.
Key points of this article:
- US authorities have seized $200,000 in hog slaughter fraud.
- The victim, who was approached via Tinder, transferred over $504,000 to the fake exchange before realizing the fraud.
Hog Processing Scam: Unfortunately, a well-practiced scam The principle of fraud with processing of pigs is that the cheater builds trusting (often romantic) relationships with their victim through dating apps or social media. After establishing trust, they offer the victim invest in (of course fake) cryptocurrency to steal her money.
Because as soon as the funds are transferred, the fraudster disappears along with the loot. But in this case, fortunately, the crime did not pay off . Indeed, a recent press release from the US Attorney’s Office for the District of Massachusetts revealed that authorities in the US withdrew $200,000 worth of Tether USDT stablecoins as part of the pig processing scam.
USDT stablecoins worth $200,000 have been seized by US authorities. According to the press release, the user contacted the victim Tinder who called himself Nino Martin . He quickly offered to continue the conversation in WhatsApp . Later, the fraudster offered his victim the opportunity to “invest » into cryptocurrencies through the exchange platform. No wonder it was fake, completely scam platform .
In total, the victim transferred more than 504,000 USD, before I realized it was a scam. Fortunately for her, the law enforcement officers managed to return part of the stolen funds. As mentioned above, they withdrew 200,000 USDT (the same amount in US dollars), which will be returned to the victim.
“This is one of several civil forfeiture actions filed by the US Attorney General’s Office to seize cryptocurrencies related to fraud targeting victims in Massachusetts.”
Office of the United States Attorney for the District of Massachusetts
In October 2025, the United States announced about the seizure of more than 127,271 bitcoins linked to the Prince Holding Group network a known swindler Chen Zhi . In today’s case, in addition to the transparency of blockchain transactions, the victim took advantage of the fact that Tether can freeze USDT stablecoins that may be involved in fraud or other criminal activity.
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