Odaily Planet Daily News According to a statement released by the U.S. Department of Justice, the United States Attorney's Office for the Northern District of Ohio (USAO) has filed a civil lawsuit seeking the forfeiture of 947,883 USDT. According to court documents, this cryptocurrency fraud case began around October 2023 when a man from Elyria, Ohio, was contacted through a pop-up window on his computer and was instructed to call a number to resolve a technical issue. The victim was subsequently told that his retirement account had been compromised, and the funds were transferred to accounts in China or Russia and a casino in Las Vegas. He was given a so-called solution and told that he could stop the transaction by making a remittance. Believing he was protecting his retirement account, the victim provided the scammers with remote access to his computer, after which the scammers began to withdraw funds and transfer them to various cryptocurrency accounts. In total, the victim lost all his savings of $425,000 in this cryptocurrency scam case. Investigators conducted blockchain analysis and determined that the stolen funds had been converted into USDT and placed into a virtual currency wallet. Law enforcement executed a federal seizure warrant on July 31, 2024, to recover 947,883 USDT tokens, which were then transferred to a virtual currency wallet controlled by law enforcement. According to a forfeiture complaint submitted on November 26, 2024, the U.S. is seeking to forfeit these USDT. If successful, the U.S. will seek to provide restitution to the victim. In the complaint, U.S. authorities claim that additional cryptocurrency contained in that address will be forfeited as fraud proceeds.

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