Global Stock News

DOJ Moves to Seize $200K in Tether From Tinder Crypto Scam

DOJ Moves to Seize $200K in Tether From Tinder Crypto Scam

The Justice Department is hoping to claw back funds raised through an alleged cryptocurrency investment fraud in which the schemer impersonated a financial advisor and lured his victim through a dating app.

The Massachusetts U.S. Attorney’s Office filed the civil forfeiture action this week to recover 200,000.039646 USDT (Tether), valued at about $200,000. 

According to the DOJ and court documents, the fraud was a “pig butchering” scheme, defined as scammers building trust with victims through online communications before luring them to invest in a nefarious cryptocurrency scheme. Often, victims will make multiple investments before realizing they’re being scammed.

According to an affidavit by FBI Special Agent Hannah Wong…

Source link

Share this article

Scroll to Top