Case Overview
Recently, the U.S. Attorney's Office for the Eastern District of North Carolina announced the seizure of over $61 million worth of USDT. These funds are linked to a sophisticated cryptocurrency investment scam that exploits emotional manipulation.
How the Scam Operates
Investigators found that fraudsters often pose as romantic interests to gain trust. Once a connection is established, they claim to have insider knowledge of profitable crypto trading and lure victims into fake investment platforms.
Trapping the Victims
The counterfeit platforms display misleading returns to encourage more investments. When victims attempt to withdraw, scammers demand additional payments under false pretenses, deepening the financial loss.