U.S. Seizes $61 Million in USDT from ‘Pig Butchering’ Romance-investment Fraud
U.S. authorities seized $61 million in USDT and said the funds were tied to an international “pig butchering” network that blended crypto investment fraud with romance scams. The seizure underscores how large-scale fraud operations can accumulate material stablecoin balances that remain traceable and, in some cases, recoverable.
Demand for USDT Falls in Venezuela: Implications for Custodians and Issuers
Peer-to-peer USDT quotes in Venezuela fell from roughly 900 bolívars to a 344–500 range in about two weeks, marking a drop of more than 40%. Analysts tied the swing to a sudden increase in foreign-currency availability linked to recent U.S. geopolitical actions and new oil agreements, alongside fading panic-driven buying.