Million

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/us-authorities-confiscate-1-4-million-in-tether-following-scam" rel="noopener noreferrer nofollow">US Authorities Confiscate $1.4 Million in Tether Following Scam</a><br></p>
<p style="text-align: justify">The US Attorney’s Office in Chicago has declared the confiscation of $1.4 million in <a href="https://en.bitcoinhaber.net/united-nations-warns-of-tether-usdt-misuse-in-southeast-asia" rel="noopener noreferrer nofollow">Tether</a> (<a href="https://en.bitcoinhaber.net/tether-partners-with-celo-to-enhance-stablecoin-accessibility" rel="noopener noreferrer nofollow">USDT</a>), believed to be connected to a fraudulent scheme that predominantly targeted senior citizens. This operation was a combined effort between the Department of Justice and the Federal Bureau of Investigation, with assistance from Tether’s team.</p>
<h2 id="scam-targets-the-elderly-via-fake-customer-support">Scam Targets the Elderly via Fake Customer Support</h2>
<p style="text-align: justify">The scam involved a deceptive pop-up ad, which alarmed victims about a supposed compromise of their computers and directed them to a counterfeit customer support line. Scammers masquerading as bank reps convinced the victims that their bank accounts were at risk and instructed them to transfer funds to USDT for safeguarding. Ultimately, the victims were stripped of control over their assets.</p>
<h2 id="intricacies-of-the-crackdown">Intricacies of the Crackdown</h2>
<p style="text-align: justify">The investigation unravelled that the stolen assets were shuffled through multiple digital wallets in a potential attempt to launder the money. Although the specifics of the recovery operation remain undisclosed, documentation from January 24th suggests that tracing efforts by the authorities led to the identification of five wallets involved in the scam. Tether has expressed pride in their cooperation with US authorities, cementing their stance on ensuring a secure and compliant crypto environment.</p>
<p style="text-align: justify">The incident highlights the growing importance of cybersecurity within the <a href="https://en.bitcoinhaber.net/market-sentiment-shifts-as-crypto-fear-and-greed-index-drops-to-neutral" rel="noopener noreferrer nofollow">cryptocurrency</a> market and represents a step forward in hindering fraudulent activities. It also reassures investors about the increasing difficulty for cybercriminals to exploit the system, thus promoting a safer investment landscape.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/us-authorities-confiscate-1-4-million-in-tether-following-scam" rel="noopener noreferrer nofollow">US Authorities Confiscate $1.4 Million in Tether Following Scam</a></h5>

US Authorities Confiscate $1.4 Million in Tether Following Scam

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