U.S. authorities seize $1.4M in cryptocurrency linked to alleged tech support scam

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U.S. authorities seize $1.4M in cryptocurrency linked to alleged tech support scam
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The U.S. Attorney’s Office in Chicago has seized about $1.4 million worth of Tether (USDT) under a court-authorized seizure warrant.

The U.S. Attorney’s Office in Chicago has seized about $1.4 million worth of Tether , a cryptocurrency tied to the U.S. dollar, under a court-authorized seizure warrant.The funds, obtained through an alleged fraud scheme, will be returned to any and all victims. This marks one of the first instances where the United States has recovered USDT from an unhosted virtual currency wallet.

The popup would instruct the victim to call Microsoft or Apple – depending on the kind of device they owned – at a certain phone number.During the call, individuals posing as tech support employees claimed the victim's bank account was compromised. The call was then transferred to other scammers posing as the victim’s bank fraud department.

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