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.