US prosecutors seek forfeiture of 65,028.09 USDC… claim tracing of fraud proceeds
Original headline미 검찰, 6만5028.09 USDC 몰수 청구…사기 피해금 추적 주장
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The U.S. Attorney's Office for the Northern District of Ohio filed a civil forfeiture suit on January 9 seeking 65,028.09 USDC held in an Ethereum address, alleging the funds are tied to a crypto investment fraud that cost an Ohio resident $198,232.92. Prosecutors claim victim J.S. made roughly 60 transfers between December 17, 2025 and March 31, 2026, with the seized tokens valued at about $65,028 at the time of filing—separate from the total claimed loss. The action targets the stablecoin itself rather than an individual, underscoring prosecutors' use of in-rem forfeiture to trace and recover fraud proceeds on-chain. What to watch next is whether the court accepts the government's tracing of the funds and whether additional addresses or assets are pulled into the case.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
USDC, US Department of Justice, J.S., Ethereum (ETH), Ohio
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