Gate News reports that on March 11, the U.S. Attorney’s Office in Massachusetts filed a civil forfeiture lawsuit seeking to recover approximately 3,444,000 USDT (worth about $3.44 million). These assets are suspected to be proceeds from online investment fraud and money laundering schemes. The case involves at least four victims, including two residents of Massachusetts, one from Utah, and one from South Carolina. The scammers contacted victims through messages that appeared to be mis-sent via encrypted communication apps such as SMS, WhatsApp, or Telegram. They then lured victims into investing in Ethereum projects supposedly backed by physical gold. Victims were asked to purchase ETH and transfer it to an intermediary wallet controlled by the scammers. The scammers then converted the ETH to USDT and transferred the funds to non-custodial wallets to steal the money.
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