The U.S. Federal Bureau of Investigation (FBI) warned that criminals are using couriers to collect money from victims of cryptocurrency investment scams, also known as pig butchering or romance ...

Romance scammers blend emotional manipulation with cybercrime tactics to exploit unsuspecting victims around the world. The Department of Justice recently recovered $8.2 million in Tether — or USDT — ...

The U.S. Department of Justice (DOJ) has seized over $8.2 million worth of USDT (Tether) cryptocurrency that was stolen via 'romance baiting' scams. Previously referred to as 'pig butchering,' in this ...

Losses to romance baiting, or pig butchering, scams increased 40% year-on-year (YoY) in 2024 to comprise a third of total crypto fraud revenue, according to Chainalysis. A day before Valentine’s Day, ...