A Nigerian scammer allegedly impersonated a senior official from the Trump-Vance Inaugural Committee to defraud a donor of $250,000 in cryptocurrency, according to U.S. prosecutors. The scammer sent an email on December 24, 2024, using a deceptive email address that closely resembled the legitimate one by substituting a lowercase 'i' with an 'l'. Believing the email was authentic, the victim transferred 250,300 USDT.ETH to the scammer's wallet on December 26. The FBI traced the transactions and recovered 40,300 USDT.ETH, which is now in civil forfeiture proceedings. Tether, the issuer of USDT, aided in freezing the stolen funds. Experts warn that as political support for crypto donations grows, scams like this will become more common. They emphasize the need for a collaborative approach among law enforcement, regulators, and the crypto industry to combat these threats. The incident highlights ongoing vulnerabilities in crypto security, as scammers continue to exploit human psychology rather than technical systems. Read more AI-generated news on: https://app.chaingpt.org/news

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