TechFlow News, March 11: According to the U.S. Attorney’s Office for the District of Massachusetts, a civil forfeiture complaint has been filed to recover approximately 3.444 million USDT (valued at roughly $3.444 million), allegedly derived from an online investment fraud and money laundering scheme.
The case involves at least four victims, including two residents of Massachusetts, one resident of Utah, and one resident of South Carolina. The perpetrators initiated contact with victims via text messages or encrypted messaging applications such as WhatsApp and Telegram, sending messages that appeared to be misdirected. They then lured victims into investing in purported Ethereum-based investment opportunities backed by physical gold. Victims were instructed to purchase ETH and transfer it to intermediary wallets controlled by the perpetrators, who subsequently converted the ETH into USDT and transferred the funds to non-custodial wallets to steal the assets.
