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DOJ files civil forfeiture action to recover $456,602 in USDT tied to romance scams

The US Department of Justice has filed a civil forfeiture action to recover $456,602 in Tether (USDT) connected to cryptocurrency romance schemes that targeted users on dating sites and Facebook.

Official seal of the United States Department of Justice featuring an eagle with an American shield and the Latin motto.
Image: @cryptodotnews

The US Department of Justice has initiated a civil forfeiture action to seize $456,602 in Tether (USDT) linked to illicit cryptocurrency romance scams, according to Crypto Briefing, with Cointelegraph and crypto.news reporting the total as approximately $456,000.[1][2][3]

According to Cointelegraph and crypto.news, the underlying fraudulent schemes involved operators who used Facebook and dating platforms to connect with victims and entice them into making fake cryptocurrency investments.[1][3]

Crypto Briefing reported that the legal filing underscores a growing demand for stronger measures against cryptocurrency fraud while calling attention to the persistent difficulties associated with achieving victim restitution.[2]

Key facts

  • The US Department of Justice filed a civil forfeiture action seeking to recover $456,602 in USDT, also reported as approximately $456,000.
  • The funds originated from romance scams that lured victims into fraudulent crypto investments through dating websites and Facebook.
  • The enforcement action highlights persistent challenges surrounding victim restitution and the enforcement of protections against crypto scams, according to Crypto Briefing.

Sources 路 3 sources

  1. CO

    Cointelegraph@CointelegraphPost on X 路

    馃嚭馃嚫 TODAY: The DOJ filed a civil forfeiture action to recover about $456K in USDT tied to romance scams that lured victims on dating sites and Facebook into fake crypto investments. https://t.co/P8Y2JURic4

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  2. CB

    Crypto BriefingArticle 路

    DOJ files civil forfeiture action to recover $456,602 in USDT tied to romance scams The DOJ's action highlights the growing need for robust measures against crypto-related scams, emphasizing the challenges in victim restitution. The post DOJ files civil forfeiture action to recover $456,602 in USDT tied to romance scams appeared first on Crypto Briefing .

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  3. CN

    crypto.news@cryptodotnewsPost on X 路

    LATEST: US DOJ seeks to seize $456,000 in USDT linked to crypto romance scams The funds are tied to schemes that used dating sites and Facebook to lure victims into fake cryptocurrency investments. https://t.co/R4qBiWBLlW

    Open source