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US seizes crypto linked to Southeast Asian investment scam

US Seizes Half a Million Dollars in Digital Currency Linked to Chinese Man Involved in Crypto Fraud

cryptocurrency: US seizes crypto linked to Southeast Asian investment scam

U.S. authorities said the scam that prompted the seizure involved a crypto-investment fraud known as pig butchering. In such schemes, fraudsters manipulate unsuspecting people they meet online, persuading them to invest in bogus crypto schemes.

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