BlockBeats reported that on October 5, the US government is taking legal action to try to confiscate 200,000 USDT associated with a major cryptocurrency fraud case. These funds were converted from stolen Bitcoin and may be returned to victims in Ohio soon after the confiscation trial. Investigators tracked these illegal funds using blockchain technology, resulting in their freezing and eventual confiscation by the federal government. This case highlights the increasing use of cryptocurrencies in financial crimes.

The U.S. Attorney's Office for the Northern District of Ohio announced on Friday that the United States has filed a civil forfeiture complaint seeking the confiscation of 200,000 USDT. The action stems from an incident in February 2024, when $340,000 worth of Bitcoin was fraudulently transferred from the wallet of an Ohio victim. (Bitcoin.com)