{"id":51914,"date":"2026-09-26T21:30:00","date_gmt":"2026-09-26T21:30:00","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=51914"},"modified":"2026-09-26T21:30:00","modified_gmt":"2026-09-26T21:30:00","slug":"us-charges-man-after-crypto-scam-wallets-received-more-than-53m","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=51914","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 <a href=\"https:\/\/www.newsbtc.com\/glossary\/wallet\/\">wallets<\/a> 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 <a href=\"https:\/\/www.newsbtc.com\/glossary\/exchange\/\">exchanges<\/a> 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 <a href=\"https:\/\/www.newsbtc.com\/author\/rae-samuel\/\">Samuel Rae<\/a>.<\/em><\/p>","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":51915,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-51914","post","type-post","status-publish","format-standard","has-post-thumbnail"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>US Charges Man After Crypto Scam Wallets Received More Than $53M - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=51914\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US Charges Man After Crypto Scam Wallets Received More Than $53M - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"TL;DR U.S. prosecutors have charged a Vietnamese national with money laundering tied to alleged cryptocurrency \u201cpig butchering\u201d schemes. 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