Stablecoin issuer Tether collaborated with the US Department of Justice and the Federal Bureau of Investigation (FBI) to seize $1.4 million USDT associated with a tech support scam network, according to a Mar. 12 statement.
The fraudulent scheme targeted vulnerable elderly individuals through deceptive pop-up advertisements. These misleading ads falsely alerted victims to compromised devices, leading them to seek assistance from supposed tech support.
Upon contacting the provided number, victims fell into the trap of scammers who claimed their accounts were compromised. Subsequently, victims were directed to individuals posing as bank representatives, who coerced them into converting their funds into cryptocurrencies and transferring them to hacker-controlled wallets.
Tether said the reclaimed funds would be returned to the victims of the fraud.
Paolo Ardoino, Tether’s CEO, said:
“The seizure of $1.4 million worth of Tether (USDT) marks a significant milestone in our ongoing effort
We współpracy z: https://cryptoslate.com/tether-collaborates-with-fbi-to-recover-1-4-million-in-scam-targeting-seniors/
