US Prosecutors Seek Forfeiture of $110,300 USDT in Bitcoin Theft Case

Federal prosecutors in Massachusetts have filed a civil forfeiture action to seize $110,300 USDT from a Binance account. The case stems from a 2023 phishing attack impersonating Coinbase that resulted in the theft of 33.7 BTC, worth approximately $900,000 at the time. Investigators tracked a portion of the stolen funds to the Binance account, where they were converted into Monero before the USDT was eventually transferred to government control in August 2026.