Posted 3/11/2024, 11:30:00 AM
U.S. Seizes $1.4 Million in Crypto Linked to Elder Fraud Scam
- U.S. authorities seized $1.4 million in USDT from a crypto wallet linked to a scam that targeted elderly victims
- Seizure shows how blockchain technology can help trace illicit crypto funds
- Effort involved multiple U.S. agencies working together to address crypto crimes
- Part of larger push to recover crypto linked to criminal activities
- Comes as cybercrimes involving crypto are surging, with $36.2M lost just in February
