The cryptocurrencies – which includes nearly 300,000 (USDC), 1.5 million (USDT), 102,000 (TRX), 3,000 (SOL), and 14,000 (ADA) – were seized from two Binance accounts in January, following an investigation last spring into a “pig butchering” scam targeting a Massachusetts resident. The victim of the scam was tricked into forking over $400,000 to the scammers, who transferred the funds to other wallets that investigators then connected to funds from the other 36 victims.
Source: https://www.coindesk.com/policy/2024/03/13/us-attorneys-office-files-civil-forfeiture-action-to-return-23m-in-crypto-tied-to-37-scam-victims/?utm_medium=referral&utm_source=rss&utm_campaign=headlines