The elderly in the United States lost most of their savings due to counterfeit Coinbase customer service fraud and successfully recovered $275,000

In April 2024, an elderly American victim was targeted by an Indian phone scam group impersonating Coinbase customer service, resulting in the theft of most of his life savings. After investigation, $275,000 was successfully recovered, which has now been seized and will be returned to the victim. The investigation revealed that the scam gang stole a total of more than 5 million dollars, laundered Ethereum and Bitcoin through centralized exchanges, and then transferred stablecoins over the counter (OTC). The success of this recovery of funds has brought hope to the victims.