Mass. resident lost over $500K in crypto Tinder scheme



Crime

Federal prosecutors are seeking to recover a high sum of cryptocurrency proceeds which are valued at an estimated $200,000.

A Massachusetts fell for a scheme that allegedly yielded 200,000.039646 of Tether cryptocurrency in proceeds.
A Massachusetts resident fell for a scheme that allegedly yielded 200,000.039646 of Tether cryptocurrency in proceeds, federal prosecutors said. Lam Yik/Bloomberg

Federal authorities have filed a civil forfeiture action to recover hundreds of thousands of dollars’ worth of cryptocurrency after a Massachusetts resident was targeted in an investment fraud scheme.

The scheme allegedly yielded 200,000.039646 of Tether cryptocurrency in proceeds, which currently have an estimated value of $200,000,…

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