{"id":13243,"date":"2026-09-27T05:00:43","date_gmt":"2026-09-27T05:00:43","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/us-charges-man-after-crypto-scam-wallets-received-more-than-53m\/"},"modified":"2026-09-27T05:00:43","modified_gmt":"2026-09-27T05:00:43","slug":"us-charges-man-after-crypto-scam-wallets-received-more-than-53m","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/us-charges-man-after-crypto-scam-wallets-received-more-than-53m\/","title":{"rendered":"US Charges Man After Crypto Scam Wallets Received More Than $53M"},"content":{"rendered":"<h2>TL;DR<\/h2>\n<ul>\n<li>U.S. prosecutors have charged a Vietnamese national with money laundering tied to alleged cryptocurrency \u201cpig butchering\u201d schemes.<\/li>\n<li>Prosecutors say wallets controlled by the defendant received roughly $53.3 million linked to fraud schemes targeting U.S. victims.<\/li>\n<li>One victim allegedly transferred about $16 million after being directed to a fake crypto investment platform.<\/li>\n<\/ul>\n<p>U.S. prosecutors have charged a Vietnamese national over an alleged cryptocurrency fraud network that moved more than $53 million through wallets connected to \u201cpig butchering\u201d scams.<\/p>\n<p>Trung Nguyen Van, 37, faces two money-laundering counts in the Western District of Missouri following an appearance in federal court in Los Angeles.<\/p>\n<p>The charges are allegations and have not been proven at trial.<\/p>\n<h2>One Victim Allegedly Lost About $16M<\/h2>\n<p>According to the U.S. Attorney\u2019s Office, the case grew from an investigation into a victim who believed they were investing through a cryptocurrency platform called Triangle.<\/p>\n<p>Prosecutors say the victim transferred approximately $16 million in crypto during the summer of 2024 after developing trust with people involved in the scheme.<\/p>\n<p>The victim was eventually unable to withdraw the supposed investment.<\/p>\n<p>Investigators then connected the recipient infrastructure with other suspicious wallets and reports from additional U.S. victims who described similar experiences.<\/p>\n<p>Authorities say crypto wallets controlled by Van received approximately $53.3 million in assets linked to wire-fraud schemes and subsequently transferred roughly $53.2 million onward.<\/p>\n<p>The complaint alleges those transactions were part of laundering funds obtained through fraud.<\/p>\n<h2>Crypto Makes The Money Movable, But Also Traceable<\/h2>\n<p>Pig-butchering schemes generally involve scammers cultivating a relationship with a victim over time before directing them toward a fake investment opportunity.<\/p>\n<p>Crypto is often used because large amounts can be moved quickly across borders without relying on a conventional bank transfer.<\/p>\n<p>The same blockchain records can later become evidence.<\/p>\n<p>Wallet addresses, transaction histories and transfers between exchanges can give investigators a trail that is difficult to erase completely.<\/p>\n<p>That does not make recovering funds easy.<\/p>\n<p>Assets can move through multiple wallets, bridges, privacy tools and exchanges before law enforcement knows an incident has occurred.<\/p>\n<p>The Department of Justice says the FBI investigated the case.<\/p>\n<p>Van is presumed innocent unless proven guilty, and the criminal complaint itself is not evidence of guilt.<\/p>\n<p>Still, the numbers illustrate the scale these fraud networks can reach.<\/p>\n<p>A single victim allegedly lost around $16 million.<\/p>\n<p>The wallets prosecutors say were connected to the defendant handled more than three times that amount.<\/p>\n<p>Crypto scams have become increasingly industrialized.<\/p>\n<p>The law-enforcement response is becoming more blockchain-native too.<\/p>\n<p><em>This article was written by the News Desk and edited by Samuel Rae.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR U.S. prosecutors have charged a Vietnamese national with money laundering tied to alleged cryptocurrency \u201cpig butchering\u201d schemes. Prosecutors say wallets controlled by the defendant received roughly $53.3 million linked to fraud schemes targeting U.S. victims. One victim allegedly transferred about $16 million after being directed to a fake crypto investment platform. U.S. prosecutors have&hellip;<\/p>\n","protected":false},"author":1,"featured_media":13244,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5697],"tags":[3142,626,5738,5739,125],"class_list":["post-13243","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-crypto-scam","tag-doj","tag-money-laundering","tag-pig-butchering","tag-technology"],"_links":{"self":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/13243","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/comments?post=13243"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/13243\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/13244"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=13243"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=13243"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=13243"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}