US Files Forfeiture Claim Over $3.4 Million in Tether Tied to Crypto Investment Fraud

The US Attorney’s Office filed a civil forfeiture action to recover approximately $3. 4 million in Tether (USDT) linked to cryptocurrency investment fraud and money laundering. The case targets a scheme in which scammers allegedly used misdirected text messages and encrypted apps like WhatsApp and Telegram to lure victims into a fake Ethereum (ETH) investment opportunity. Why it matters: Civil forfeiture allows the government to seize crypto assets even when perpetrators operate overseas and beyond criminal jurisdiction source: https://beincrypto.com/us-forfeiture-tether-crypto-investment-fraud/