Cryptocurrency1 hour ago (Sep 25, 2021 03:30AM ET)
US Government Goes After Fake Coinbase Scammer for Stealing $11M USDT
- California resident loses $11 million after sharing Coinbase (NASDAQ:) account to a scammer
- US officials file a complaint in the United States District Court (California)
- They identified four wallets holding more than 9.8 million USDT to be involved in fraud
Someone impersonating a Coinbase employee scammed more than 200 BTC from a California resident. In response, a group of officials filed a civil complaint in the US District Court for the Central District of California. The complaint claims that they found four wallets holding almost $10 million USDT that was involved in fraud and money laundering.
According to court documents, the victim was approached by a fraudster who claimed to be a Coinbase customer support agent after purchasing 200 BTC on the Coinbase Pro account. The scammer told the victim that the account was frozen and that a transaction limit increase was necessary to complete the process.
In the end, the victim granted the scammer access to the funds. Within the next few hours,…
Continue reading on CoinQuora
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.