Feds Seek Forfeiture of $200K in USDT Tied to Tinder ‘Pig Butchering’ Scam - Decrypt

The U.S. Attorney’s Office in Massachusetts filed a civil forfeiture action to recover $200,000 in USDT stablecoins linked to a crypto investment fraud. The funds were traced to a 'pig butchering' scam, where a Tinder match lured a victim into transferring over $500,000 to a fraudulent trading platform. The scam involves building trust online, pressuring victims to send money, and extracting additional payments until the funds are gone. Despite efforts to target scam infrastructure, recovery of funds remains difficult.