Massachusetts prosecutors seek forfeiture of USDT stolen in Coinbase impersonation scam

The U.S. Attorney's Office for the District of Massachusetts has filed a civil forfeiture action to seize 110,270 USDT, valued at approximately $47,000, suspected of being proceeds from an account takeover scam.

The fraud involved an individual receiving text messages impersonating Coinbase while communicating with the exchange via email. The messages requested account login credentials and passwords, which the victim provided, allowing unauthorized access and the subsequent theft of funds.

Prosecutors tracked a portion of the funds to a Binance account and seized the assets in August 2026. While the civil forfeiture process targets the assets themselves rather than criminal prosecution of individuals, the court will ultimately decide whether to finalize the seizure. If successful, the funds may be returned to the victim, though the exact timing and amount remain undetermined.