According to BlockBeats news, the US government is working to recover 200,000 USDT linked to a major cryptocurrency scam to return it to victims in Ohio. Investigators utilized blockchain technology to trace the stolen funds, leading to their seizure. This case sheds light on the increased use of cryptocurrencies in illegal activities.
The U.S. Attorney’s Office for the Northern District of Ohio recently announced that the United States is seeking to confiscate 200,000 USDT as part of a civil forfeiture case. The incident originated from a fraudulent transfer of $340,000 in Bitcoin from an Ohio victim’s wallet back in February 2024. (Bitcoin.com)