US gov’t chasing USDT held on Binance after $1M pig-butchering scam
The US has launched a forfeiture complaint against almost $200,000 worth of Tether (USDT) held on Binance in connection to pig-butchering scams that stole over $1 million. That’s according to documents filed in the District Court of Columbia. The court claims that the USDT represents the proceeds of “wire fraud, wire fraud conspiracy, money laundering, and money laundering conspiracy.” According to the documents submitted on June 7, an anonymous victim of two pig-butchering scams, reported to the police that they had lost roughly $1.1 million between January 2021 and December 2022. The victim first developed a romantic relationship with a scammer known as Eva Markus on Facebook Dating, believing they were an engineer and diamond mine owner. Markus convinced the victim her diamond mine had exploded and that she needed the funds to hire an attorney to return to America. The victim transferred more than $400,000 . How a money launderer allegedly used Deltec, Binance, and Tether...