How to Buy Crypto Before Listing: DOJ Seizes $580M in Pig Butchering Scams as Fraud Networks Cost Americans $10B a Year, SUI ETF Launches, but Pepeto Shows How Real Projects Earn Trust
The Department of Justice (DOJ) announced on Mon, Feb 27, 2023, that it has seized over $580 million in cryptocurrency connected to scams orchestrated by criminal organizations. These operations were reportedly based in Myanmar, Cambodia, and Laos. The…
The Department of Justice (DOJ) announced on Mon, Feb 27, 2023, that it has seized over $580 million in cryptocurrency connected to scams orchestrated by criminal organizations. These operations were reportedly based in Myanmar, Cambodia, and Laos. The DOJ's Scam Center Strike Force, which includes members from the Criminal Division, FBI, Secret Service, and IRS, achieved this milestone within three months of its formation. It is estimated that approximately $10 billion is stolen annually from Americans through investment fraud.
On Thu, Mar 2, 2023, Bitcoin (BTC) was trading at $66,865 while Ethereum (ETH) was at $1,963. According to Chainalysis, illicit crypto addresses received at least $154 billion in 2025, marking a 162% increase compared to the previous year. Stablecoins made up 84% of this illicit volume.
The recent crackdown by the DOJ highlights the importance of conducting due diligence before investing in cryptocurrency. Investors are encouraged to seek out projects with audited smart contracts and transparent operations, as these measures help distinguish legitimate projects from fraudulent ones.
Pepeto is notable for its commitment to transparency and security. Its infrastructure is built on audited smart contracts, distinguishing it from many fraudulent platforms. PepetoSwap, a live platform, facilitates meme economy trades, and the Pepeto Bridge connects different ecosystems to prevent capital from being trapped. The presale raised over $7.36 million at a rate of $0.000000186, supported by audits from SolidProof and Coinsult.
SUI is trading around $0.89, with the recent launch of the 21Shares SUI ETF potentially introducing additional institutional liquidity. The price movement is contingent on market conditions, with current support at $0.80.
These operations were reportedly based in Myanmar, Cambodia, and Laos.
Monero (XMR) reached approximately $335 on Mon, Feb 27, 2023. Despite a choppy trading range, volume is increasing. To shift market sentiment, XMR needs to surpass $340.
The DOJ's recent actions have reinforced the need for transparency and security in cryptocurrency projects. Pepeto exemplifies this standard, having passed dual security audits before initiating its presale. This commitment to verified operations is crucial as the industry continues to grow amidst regulatory scrutiny.
How to safely buy crypto before listing? It's advisable to use official presale sites with audited smart contracts. Pepeto, for instance, underwent dual audits by SolidProof and Coinsult, ensuring its security.
What was seized by the DOJ? The DOJ's Scam Center Strike Force seized over $580 million in cryptocurrency linked to scams by Southeast Asian criminal organizations.
Which presale crypto offers robust security? Pepeto is distinguished by its dual audits, operational products, and staking options, contrasting with fraudulent platforms.
Based on reporting by TechBullion.