$12billion bitcoin burst: DOJ cracks down on crypto scam
A record crypto seizure is underway in the U.S. Department of Justice: officials have filed to confiscate 127,271 BTC, valued at about $12 billion.
The funds are tied to the “Pig Butchering” scam, a widespread investment fraud scheme. Investigators think the bitcoins might be linked to the 2020 LuBian mining pool hack in China.
The wallets remain untouched and possibly inaccessible.
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