Federal prosecutors have successfully traced and seized $40,300 in cryptocurrency from a sophisticated scam impersonating the Trump-Vance Inaugural Committee.
The scam involved a deceptive email that tricked a donor into transferring over $250,000 in USDT stablecoins on the Ethereum blockchain to fraudsters.
According to the US Attorney’s office, the FBI’s blockchain analysis was instrumental in recovering a portion of the stolen funds, highlighting the growing role of digital forensics in combating crypto fraud.
US prosecutors recover $40,300 in crypto from Trump-Vance scam, leveraging blockchain analysis and Tether’s cooperation to combat rising impersonation fraud.
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The FBI’s Washington Field Office employed advanced blockchain tracing techniques to identify and recover $40,300 of the $250,300 USDT stolen in the scam. The fraudulent transaction originated from an email impersonating Steve Witkoff, co-chair of the Trump-Vance Inaugural Committee, which used a cleverly disguised domain to deceive the victim. After the victim transferred the funds, the scammers attempted to launder the cryptocurrency through multiple wallets to obscure the trail. However, the FBI’s forensic analysis successfully traced these movements, enabling the seizure of a significant portion of the assets.
Assistant Director Steven Jensen emphasized the prevalence of impersonation scams and the importance of vigilance when dealing with cryptocurrency transactions. The scammers exploited subtle domain alterations—such as replacing an “i” with a lowercase “l”—to appear legitimate. This case underscores the critical need for individuals and organizations to verify sender identities rigorously and avoid transferring crypto assets to unverified contacts. Jensen’s advice serves as a crucial reminder: never send cryptocurrency to unknown parties without thorough validation.
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Source: https://en.coinotag.com/federal-prosecutors-possibly-recover-40000-in-usdt-linked-to-trump-vance-inaugural-committee-scam/