The US Government Seizes Nearly $9 Million USDT in Connection with "Rug Pull" Crypto Scam
BlockBeats News, June 17th, according to Bloomberg, the U.S. government has seized nearly $9 million USDT, these funds were traced to an organized fraud network. The U.S. Department of Justice stated that the network stole millions of dollars from victims across the United States.
The U.S. Department of Justice said that this action is related to a scam known as the "Romance Scam." The organization used over 70 victims by creating a non-existent cryptocurrency exchange. The "Romance Scam" typically refers to fraudsters gradually gaining the trust of victims through false romantic or personal relationships, as well as fictitious investment returns, and then taking away the funds and disappearing.
The U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) issued a warning earlier this year about such prevalent crimes, stating that the related frauds have led to losses of billions of dollars for American victims.
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