Summary: The U.S. Department of Justice has seized over .2 million in USDT cryptocurrency linked to ‘romance baiting’ scams, where victims are tricked into investing large sums on fraudulent platforms. As part of a dual legal forfeiture, funds were frozen and reissued into law enforcement wallets, paving the way for restitution to victims. The investigation revealed connections to human trafficking syndicates, highlighting the significant risks of these fraudulent schemes.
Affected: U.S. victims of romance baiting scams
Keypoints :
- The DOJ seized .2 million worth of USDT from scammers operating romance baiting scams.
- Victims were manipulated into believing they were profiting from investments on fake platforms.
- The seizure may lead to restitution for over .2 million in confirmed losses from 38 victims.
Views: 9