US Takes Action Against $12 Million in Crypto Funds Linked to Investment Fraud

The U.S. Attorney’s Office filed a civil forfeiture action on Friday, targeting over $12 million in Tether (USDT) funds linked to an investment scam that defrauded victims of more than $10.3 million. This legal move was announced by John A. Sarcone III, Acting U.S. Attorney, and Craig L. Tremaroli, Special Agent in Charge of the Albany Field Office for the Federal Bureau of Investigation (FBI), on September 9, 2025.