US Seeks Forfeiture of 110,270 USDT Tied to $900K Bitcoin Theft via Fake Coinbase Texts
- —33.7 BTC worth roughly $900,000 was stolen, including 28.5 BTC from the trust wallet
- —Investigators traced 11.2 BTC to a Binance account, where it was converted to monero
- —Binance froze 758.55 XMR and transferred 110,270 USDT to a government wallet on Aug. 3, 2026
- —The account was opened under the name Enrique Mora Morales using an unassigned ID number
Why it matters: The case underscores that exchange-impersonation phishing still works, and that authorities increasingly seize stablecoins rather than bitcoin in forfeiture actions.
Source: Bitcoin.com