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News Explorer — Mass. Prosecutors Seek to Recover $3.4 Million Tied to Ethereum Investment Scam

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Mar 11, 10:52 am
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Mass. Prosecutors Seek to Recover $3.4 Million Tied to Ethereum Investment Scam

Federal prosecutors in Massachusetts are pursuing a civil forfeiture action to reclaim $3.4 million in USDT linked to a crypto fraud and money laundering scheme. Victims were lured into investing in an Ethereum opportunity supposedly backed by physical gold, only to have their funds converted and moved into unhosted wallets.

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