The U.S. prosecutors seek to confiscate approximately 3.4 million USDT related to an Ethereum investment scam

By: rootdata|2026/03/11 20:45:44

0

Share

copy

According to Decrypt, federal prosecutors in Massachusetts have filed a civil forfeiture lawsuit seeking to seize approximately $3.4 million in USDT, alleging it is the proceeds of cryptocurrency investment fraud and money laundering.

Prosecutors state that victims have been approached since the end of 2024 through methods such as "wrong text messages." After establishing relationships via WhatsApp, Telegram, and other platforms, they were guided to invest in an exclusive Ethereum project purportedly backed by physical gold. In practice, victims were instructed to transfer ETH to an intermediary wallet, which was then converted to USDT and transferred to a non-custodial wallet to conceal the source and ownership of the funds.

-- Price

You may also like

The rivers and lakes are no more, Li Lin returns

The rivers and lakes are no more, Li Lin returns

We no longer need a larger exchange or more complex financial products; we hope to see more individuals like Li Lin in the industry, who can drive innovations that truly open up boundaries for the industry.

Earn Up to 300% APR With WEEX Auto Earn: Limited-Time Crypto Passive Income Event

Earn Up to 300% APR With WEEX Auto Earn: Limited-Time Crypto Passive Income Event

Earn up to 300% APR with WEEX Auto Earn in this limited-time crypto earning campaign. Activate Auto Earn, invite friends, and unlock additional referral crypto rewards before March 25.

BitsLab Deep Production: Nanobot User Security Practice Guide

BitsLab Deep Production: Nanobot User Security Practice Guide

BitsLab releases AI Agent Security Guidelines: Through a three-pronged strategy of "User Review + Agent Awareness + Script Hard Interception," a zero-trust security defense line is established to prevent prompt injection and sensitive data leakage risks.

What are the common traits of people who founded a $5 Billion+ company before the age of 23?

What are the common traits of people who founded a $5 Billion+ company before the age of 23?

Trauma, Neurodiversity, Cross-Domain Skills. These characteristics, which may appear as "flaws" on a traditional resume, could instead be the most important signals

Why Hasn't $160 Billion Stripe Gone Public?

Why Hasn't $160 Billion Stripe Gone Public?

The Rise of Private Placements, with Companies like Stripe Rewriting Fundraising Logic.

All the AI News You Need to Know is Here, Lyrical Officially Launches AI News Feed

All the AI News You Need to Know is Here, Lyrical Officially Launches AI News Feed

Users can access key information in real time without switching pages

Bitwise: Why Bitcoin Is Destined to Impact a Million Dollars?

Bitwise: Why Bitcoin Is Destined to Impact a Million Dollars?

When people talk about Bitcoin, they often overlook one key thing.

Amid Geopolitical Turmoil, Tokenized Gold Emerges Alongside Round-the-Clock On-Chain Markets

Amid Geopolitical Turmoil, Tokenized Gold Emerges Alongside Round-the-Clock On-Chain Markets

When the stock market is closed, the on-chain becomes the sole trading and pricing outlet.

Who Longs War on Polymarket?

Who Longs War on Polymarket?

The Rug Pull War rages on, with the potential to earn up to 4x gains on your bet

4 AI Trading Strategy Lessons from WEEX Hackathon Finalist

4 AI Trading Strategy Lessons from WEEX Hackathon Finalist

Finalist Bambi shares how AI tools helped turn real trading experience into an automated strategy, why survival-first risk control shaped the system’s design, and how the approach will evolve ahead of WEEX AI Trading Hackathon Season 2.

Hong Kong Crypto Ecosystem 2.0: Stablecoins, RWA, and the New Battleground for Financial Institutions

Hong Kong Crypto Ecosystem 2.0: Stablecoins, RWA, and the New Battleground for Financial Institutions

Hong Kong is no longer just a bystander in the cryptocurrency industry, but may become the core hub of the compliant cryptocurrency market in the Chinese-speaking world and even the entire Asia-Pacific region.

Polymarket Arbitrage Bible: The Real Gap is in the Mathematical Infrastructure

Polymarket Arbitrage Bible: The Real Gap is in the Mathematical Infrastructure

While retail investors are still engaged in simple probability addition, top quantitative teams are systematically harvesting millions of dollars in arbitrage profits on Polymarket using hardcore mathematical infrastructure such as integer programming and Bregman projections.

Crypto Barbarians Jupiter Series: Still Owes the Market an Answer

Crypto Barbarians Jupiter Series: Still Owes the Market an Answer

This entrepreneurial team from Singapore and Malaysia has indeed demonstrated its product execution capabilities to the market over the past three years, but they have also fully arbitraged every regulatory gray area with their business logic.

Bank Card Payment vs. Stablecoin Payment: Which is More Suitable for AI Agents?

Bank Card Payment vs. Stablecoin Payment: Which is More Suitable for AI Agents?

Using bank cards to serve humanity and relying on stablecoins for high-frequency micro-trading with machines: Setting aside camp biases, a mixed payment architecture is the ultimate goal of AI entities in business.

Zuck is really out of touch! He actually acquired a dated Lobster-based social platform?

Zuck is really out of touch! He actually acquired a dated Lobster-based social platform?

The asset pool Meta can now touch is not on the same level as it was in 2012

Key Market Information Discrepancy on March 11th - A Must-See! | Alpha Morning Report

Key Market Information Discrepancy on March 11th - A Must-See! | Alpha Morning Report

1. Top News: Iran Reportedly Plants Mines in the Strait of Hormuz, Trump Warns of "Unprecedented" Military Strike 2. Token Unlock: $IO

How to Deal with Trump? Accept this "Art of the Deal Playbook"

How to Deal with Trump? Accept this "Art of the Deal Playbook"

The U.S. macro research firm The Kobeissi Letter deconstructs its "10-Step Conflict Pattern": Verbal Pressure, Friday Night Raid, Market Triple Bottom Exploration, Conditional Downgrade... concluding with a single "trade" paper.

AI Computing Power Arms Race Intensifies: This Startup Aims to Mine Bitcoin in Space

AI Computing Power Arms Race Intensifies: This Startup Aims to Mine Bitcoin in Space

The next battleground for AI computing power is extending into space, gradually becoming a new frontier in commercial storytelling.

The rivers and lakes are no more, Li Lin returns

We no longer need a larger exchange or more complex financial products; we hope to see more individuals like Li Lin in the industry, who can drive innovations that truly open up boundaries for the industry.

Earn Up to 300% APR With WEEX Auto Earn: Limited-Time Crypto Passive Income Event

Earn up to 300% APR with WEEX Auto Earn in this limited-time crypto earning campaign. Activate Auto Earn, invite friends, and unlock additional referral crypto rewards before March 25.

BitsLab Deep Production: Nanobot User Security Practice Guide

BitsLab releases AI Agent Security Guidelines: Through a three-pronged strategy of "User Review + Agent Awareness + Script Hard Interception," a zero-trust security defense line is established to prevent prompt injection and sensitive data leakage risks.

What are the common traits of people who founded a $5 Billion+ company before the age of 23?

Trauma, Neurodiversity, Cross-Domain Skills. These characteristics, which may appear as "flaws" on a traditional resume, could instead be the most important signals

Why Hasn't $160 Billion Stripe Gone Public?

The Rise of Private Placements, with Companies like Stripe Rewriting Fundraising Logic.

All the AI News You Need to Know is Here, Lyrical Officially Launches AI News Feed

Users can access key information in real time without switching pages

Popular coins

Latest Crypto News

21:43

Brian Jacobsen: The Middle East conflict will change the path of U.S. inflation, and the Federal Reserve will remain on hold

According to Jin Ten, Brian Jacobsen, Chief Economist at Annex Wealth Management, stated that the February inflation data was originally heading in the right direction, but the emergence of the Middle East conflict has changed that trajectory. Energy, which could have brought about deflation, is now...

21:43

YZi Labs demands CEA Industries to respond to the "operational vacuum" issue and terminate the 10X asset management agreement

According to GlobeNewswire, YZi Labs issued a statement indicating that a lawsuit filed by investor Abraham Gomez against the Nasdaq-listed company CEA Industries and its director Hans Thomas shows that the company is almost in an "operational vacuum," lacking a CFO, COO, operational or marketing te...

21:43

Data: The current whale position on the Hyperliquid platform is 3.329 billion USD, with a long-short position ratio of 1.04

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $3.329 billion, with long positions of $1.7 billion, accounting for 51.05% of the holdings, and short positions of $1.63 billion, accounting for 48.95%. The profit and loss for long positions is -$65.8229 m...

21:43

The Ledger security team discovered an Android vulnerability that can extract cryptocurrency wallet recovery phrases in 45 seconds

According to The Block, Ledger's security research team Donjon has discovered a vulnerability in the secure boot chain of MediaTek processors, allowing attackers to extract encryption keys via USB connection before the operating system loads, provided they have physical access to the phone. This cou...

21:43

Foundry will launch an institutional Zcash mining pool to fill the compliance infrastructure gap

According to CoinDesk, Bitcoin mining pool operator Foundry Digital plans to launch a domestic Zcash mining pool in the U.S. next month, providing a mining platform built around compliance reviews, reporting standards, and operational controls for institutional and publicly traded company miners.Fou...