DOJ announces largest-ever crypto seizure related to 'pig butchering' scams

The Department of Justice (DOJ) on Wednesday announced the largest-ever seizure of cryptocurrency funds linked to so-called pig-butchering scams.

The U.S. attorney’s office filed a civil forfeiture complaint in the District Court for the District of Columbia to seize more than $225.3 million in cryptocurrency that federal prosecutors say was part of a sophisticated blockchain-based money laundering network meant to conceal the source of funds obtained through illegal scams.

According to the forfeiture complaint...