U.S. police bring back $450,000 worth of bitcoins to a retired man
Prior to that, he had sent the bitcoins to fraudsters who posed as employees of the U.S. Attorney’s Office and tricked the man into transferring cryptocurrency.
According to the United States Department of Justice, scammers called an elderly North Carolina resident in August 2021. While threatening him with confiscation of all his savings due to suspicion of money laundering and drug trafficking, they forced him to buy 12 bitcoins (about $574,000 at the time) from the CoinBase crypto exchange, and then to send cryptocurrency to the scammers.
Meanwhile, the exchange administrators together with the FBI found the transaction suspicious, classifying it as a fraudulent one. The transferred funds were seized in time, and, as the Attorney General's office claims, the funds will soon be restored to their legitimate owner.
Recall that for the first time in U.S. history, Bitcoins worth $2.3 million were seized from U.S. drug dealer
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