In one of the most recent and significant actions, the U.S. Attorney’s Office for the District of Massachusetts filed a civil forfeiture action to recover approximately $3.44 million in USDT (Tether).
- The Scam: Scammers used “pig butchering” tactics, building trust with victims in Utah, South Carolina, and Massachusetts before convincing them to invest in a fake platform.
- The Recovery: Federal investigators traced the funds as they were moved from Ethereum to USDT and then to “unhosted” wallets. Because the government moved quickly to identify the associated accounts, they were able to initiate the legal process to seize and return the funds to the victims.