US seeks forfeiture of $3.4M in USDt tied to crypto investment scam

US prosecutors moved to forfeit $3.44 million in USDt allegedly tied to a crypto investment scam that tricked victims into sending Ether to wallets controlled by fraudsters.

US federal prosecutors have filed a civil forfeiture action to recover roughly 3.44 million USDt tied to an alleged online crypto investment scam that targeted victims across several states.

According to a Tuesday announcement from the US Attorney’s Office in Boston, the funds were linked to a scheme that persuaded victims to send cryptocurrency to wallets controlled by scammers. Authorities said they seized the USDt (USDT) in February and March 2025, and are now asking a court to authorize the permanent forfeiture of the assets.

“In such fraud schemes, scammers obtain funds from victims using manipulative tactics,” prosecutors said, adding that they establish a level of trust with a victim and then entice the victim into investing in a fraudulent investment scheme.

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