$110,270 in USDT Linked to Text-Message Scam Targeting Coinbase Account

US prosecutors have launched forfeiture proceedings against $110,270 in USDT, which they suspect is linked to a text-message scam. The digital assets are believed to be tied to a fraud case involving access to a Massachusetts victim's Coinbase account.

The scammers allegedly used text messages to trick the victim into handing over their Coinbase login credentials, allowing them to gain unauthorized access to the account. Prosecutors now aim to seize the $110,270 in USDT that they believe is connected to the scam.