Golden Finance reported that in April 2024, an elderly American victim was targeted by an Indian telephone fraud group impersonating Coinbase customer service, resulting in the theft of most of his life savings. After investigation, $275,000 was successfully recovered. The funds have been seized and will be returned to the victim. The investigation showed that the fraud gang stole more than $5 million in total, laundered Ethereum and Bitcoin through centralized exchanges, and then transferred stablecoins to over-the-counter (OTC). The success of the fund recovery has brought hope to the victims.