U.S. Seizes $15B in Bitcoin From Global ‘Pig Butchering’ Scam — Billionaire Mastermind on the Run
South Korea Turns Crypto Trading Into Esports
Read the DOJ press release for more details on the case and ongoing investigations.
Justice or Overreach?
For many in the crypto world, the case is both a victory and a warning. Traders see it as proof that crypto is “cleaning house,” while others fear growing government control. If the DOJ can seize billions from private wallets, what’s next for decentralized finance?
The irony isn’t lost on investors: Bitcoin was designed to be untouchable, yet it’s now a courtroom exhibit in a massive federal case. “The U.S. didn’t just seize coins,” wrote one analyst on X. “It seized confidence — and the myth that Bitcoin lives outside the system.”
Global Fallout and What Comes Next
The investigation has turned global eyes toward Southeast Asia, where more “pig butchering” operations are believed to be operating under new names. The U.S. Treasury’s sanctions on Prince Group could be the first step in a broader crackdown targeting Asian OTC exchanges and crypto firms with loose KYC policies.
