U.S. Seeks to Confiscate 2.118M USDT Linked to Southeast Asian Pig Butchering Scams

Federal authorities target 2.118 million USDT for civil forfeiture, alleging proceeds from Southeast Asian investment fraud laundered through complex crypto transfers involving 13 victims.

Woofun AI reports that the U.S. government has initiated a civil forfeiture action to seize approximately 2.118 million USDT held in addresses beginning with 0xf322. Official filings allege these funds stem from cryptocurrency investment scams based in Southeast Asia, where at least 13 individuals were deceived via WhatsApp into using fraudulent trading platforms.

The U.S. Secret Service, FBI, and Memphis Virtual Currency Task Force traced the illicit proceeds through 76 intermediate wallets, identifying the target address after analyzing patterns of splitting, pooling, and multiple transfers. If the court validates the government's claims, the identified USDT will be confiscated and transferred to U.S. government property.