The Block|Nov 13, 2026 18:19
THE BLOCK: The DOJ has filed a civil forfeiture complaint seeking to recover approximately $65,000 in USDC tied to a cryptocurrency investment scam that cost an Ohio man nearly $200,000.
According to court documents, a fraudster posing as a financial adviser persuaded the victim to move retirement savings into Coinbase before gaining remote access to his laptop and transferring roughly 60 transactions to wallets under his control; Circle subsequently froze the traced USDC, which the government is seeking to return to the victim.
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