US Government Seeks Forfeiture of 200,000 USDT Tied to Bitcoin Theft in Ohio

Quick Summary:

The U.S.government is taking legal action to seize 200,000 tether (USDT), worth $200,000, linked to a major cryptocurrency fraud.

Investigators used blockchain technology to track the illicit funds, leading to their freeze and eventual federal seizure.

The funds, converted from stolen bitcoin, could soon be returned to the Ohio victim after a forfeiture trial.

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Article Details

Author / Journalist: Kevin Helms

Category: Crypto

Markets: Japan

Topics: Law Enforcement Blockchain Tether Limited Cryptocurrency U.S. Government USDT Featured Fraud Tether Ethereum Crypto Bitcoin theft Forfeiture Federal seizure Bitcoin Bitcoin (BTC) Ohio

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-05 @ 02:30:27 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: news.bitcoin.com

Language: English

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoin News

News ID: 22891065

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About Bitcoin News

Main Topics: Crypto

Official Website: news.bitcoin.com

Update Frequency: 17 posts per day

Year Established: 2008

Headquarters: Japan

News Last Updated: 8 hours ago

Coverage Areas: Japan

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #62

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