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Basis Desk
Regulation & Policy · 1 min read

US Prosecutors Move to Forfeit 110,270 Tether in Account Fraud Case

The US Attorney's Office filed a civil forfeiture action to seize approximately $47,000 in USDT linked to a Massachusetts account takeover scheme.

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$USDT $0.9995 −0.0%

Key points

  • The US Attorney's Office filed a civil forfeiture action targeting 110,270 USDT in alleged fraud proceeds.
  • The targeted funds carry an estimated value of approximately $47,000.
  • Prosecutors allege the tokens originate from a Massachusetts victim deceived into sharing login details.

The United States Attorney's Office filed a civil forfeiture action in Boston to recover 110,270 $USDT alleged to be the proceeds of a fraud scheme 1. According to prosecutors, the assets stem from an incident in which a Massachusetts victim was deceived into handing over account login credentials to scammers 1. The perpetrators subsequently drained the victim's account of funds 1.

At the time of the legal filing, the targeted cryptocurrency held an estimated market value of approximately $47,000 1. Civil forfeiture complaints allow federal prosecutors to pursue the seizure and recovery of assets tied to unlawful activity 1. At the time of writing, $USDT traded at $0.9996 across broader digital asset markets.

Account Takeover Details

According to federal authorities, the underlying scheme relied on compromising access credentials to facilitate the unauthorized withdrawal of customer capital 1. The civil forfeiture action specifically names the 110,270 USDT as property subject to recovery under federal law 1.

Sources

  1. [1] United States Attorney's Office Files Civil Forfeiture Action to Recover Cryptocurrency Involved in an Account Takeover Fraud Scheme — U.S. Department of Justice, September 28, 2026

Written by Basis Desk's newsroom system from the primary sources above and machine-verified against them before publication. Market figures marked "at the time of writing" come from live exchange data. Report an error: hello@basisdesk.news.

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Not financial advice. Basis Desk publishes information, not recommendations. Crypto assets are volatile and you can lose what you invest.