[U.S. Prosecutors Recover Nearly $1.7 Million in Cryptocurrency Scam Funds]
The U.S. Attorney's Office for the Eastern District of Virginia has recovered 420,740 USDT and 1,249,996 BUSD, with a total value of nearly $1.7 million, through a civil asset forfeiture process. These funds were obtained from cryptocurrency investment scam proceeds and money laundering activities and are currently being returned to the victims. Court documents reveal that scammers contacted victims via text messages and social media, luring them into transferring funds to encrypted messaging apps and defrauding them through fake investment websites.