Summary
TLDR: Cryptocurrencies worth millions were seized from two Binance accounts in a scam investigation where a Massachusetts resident was tricked into losing $400,000. The funds were connected to 36 other victims.
Key Points
1. Over 300,000 USDC, 1.5 million USDT, 102,000 TRX, 3,000 SOL, and 14,000 ADA cryptocurrencies were seized from two Binance accounts in January.
2. The seizure followed an investigation into a “pig butchering” scam that targeted a Massachusetts resident, who was tricked into giving $400,000 to the scammers.
3. The scammers transferred the funds to other wallets connected to funds from 36 other victims.