61 Million USDT Seized: Impact on ALT Market

61 Million USDT Operation in Pig Butchering Scam

In North Carolina, US federal agents seized over $61 million worth of USDT from a large-scale “pig butchering” crypto investment scam. Scammers built fake romantic relationships and claimed special trading expertise to lure victims to convincing but fake crypto sites. These sites displayed imaginary high-return portfolios to encourage investments, then blocked withdrawals and demanded additional fees.

EDNC announces seizure of $61million of Tether. Source: EDNC

Homeland Security Investigations agents tracked the funds across multiple wallets, identified addresses containing significant amounts, and seized them. Prosecutors emphasized Tether’s cooperation in the investigation; the Department of Justice and HSI thanked Tether for its assistance in asset transfers.

ALT Technical Analysis: Support and Resistance Levels

This incident coincides with the rise of crypto scams; according to the Chainalysis 2026 report, losses reached $17 billion in 2025, and AI-supported social engineering scams increased by 1400%. As market confidence is affected, ALT detailed analysis data is as follows: Price $0.01 (+3.03% 24h), RSI 33.12 (Oversold), downtrend, Supertrend Bearish. EMA 20: $0.0084. Supports: S1 $0.0069 (strong, -7.75%), S2 $0.0074 (strong, -1.07%). Resistances: R1 $0.0075 (+0.27%), R2 $0.0137 (+83.16%). ALT futures should be monitored.

• S1 Support: Fibo 0.000, Donchian Lower (71/100)
• R1 Resistance: Pivot Point, Prev Day High (63/100)

ALT and Crypto Scams’ Market Impact

US courts have begun imposing heavy penalties for these crimes. Investors should be cautious in areas like the ALT spot market; scams are deepening the overall downtrend.