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US prosecutors seize $47K in Tether linked to $900K Bitcoin fraud traced to Binance account

Market News
29 Sep 2026
Tokenpost
View Source
Bearish
US prosecutors seize $47K in Tether linked to $900K Bitcoin fraud traced to Binance account

Federal prosecutors in Massachusetts filed a civil forfeiture case to seize about 110,270 USDT linked to a $900,000 Bitcoin theft from a Massachusetts family trust. The theft occurred after fraudulent texts tricked a trust beneficiary into revealing Coinbase login details, allowing unauthorized transfer of 33.7 BTC. Investigators traced part of the stolen Bitcoin to a Binance account, where it was quickly converted to Monero, a privacy coin. Binance froze the account and transferred the seized Tether to government control; the case seeks forfeiture but no criminal defendants are named yet, and victims may contest the seizure.

Bitcoin trades at Rp1.497.000.000 on Pluang as of Sep 30, 2026 07:21 WIB, showing a slight 0.17% decline in the past day. Tether USDT, involved in the forfeiture case, is priced at Rp17.944 with a minor 0.12% drop. Meanwhile, Monero, the privacy coin linked to the stolen funds, gained 2.41% and is priced at Rp1.934.530 on Pluang.

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Fake Coinbase texts led to $900K Bitcoin theft; US seeks forfeiture of seized crypto from Binance.

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Fraudulent texts impersonating Coinbase tricked a Massachusetts family trust beneficiary into sharing login details, resulting in the theft of 33.7 bitcoin worth about $900,000. Investigators traced 11.2 of the stolen bitcoin to a Binance account, wh...

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