REPLAY of public DOJ case 1:25-cv-00386. This is a historical case, shown to demonstrate the method. It is not a live investigation, and nothing here asks anyone to act on it today.

This packet summarises a historical trace reconstructed from a public DOJ civil forfeiture matter, case 1:25-cv-00386. The reader is not the victim; the money examined is the money sent from the victim wallet identified in the complaint. Figures from the complaint are context only and are not scored. Reported, not proven.

Method: funds were followed forward on Ethereum using FIFO accounting, with a cross-check under LIFO. The trace allowed up to 8 hops and 12 branches per node, ignored transfers below 100.00 USDT, and used chain data up to block 20,170,085. The trace was completed on October 28, 2026.

Scope: 6 sends from 1 victim wallet were seeded, and all 6 were located on chain. They ran from April 2, 2024 to May 21, 2024, and each was sent in ETH, for example 8.395778699 ETH in transaction 0x39f590…741adc. The ETH was converted and moved onward as USDT across 15 wallets and 377 transactions, reaching a maximum depth of 5 hops. In total 377,184.71 USDT was attributed to the victim funds.

Endpoints of primary interest: the largest attribution, 317,403.01 USDT, reached 0xa1770e…4f0021, which Tether froze on June 21, 2024. A further 47,702.92 USDT reached 0xafd770…2378a5, frozen by Tether on June 21, 2024. Finally, 12,077.78 USDT reached 0x4e5cda…47abb5, frozen by Tether on June 25, 2024.

Together these 3 frozen endpoints account for 377,183.71 USDT of attributed funds. Each also held a much larger balance than the victim attribution, which indicates commingling with funds from other victims. Any subpoena or legal process concerning these balances should be directed through Tether via law enforcement.

Minor endpoints: 0x9eb0c7…db5e1f carries a dust attribution of 1.00 USDT. This amount represents small branches that were sent on from that address and not followed further. Separately, 0xa327e6…f4dbb8 ends with an unresolved swap of 0.075531024 ETH and no attributed USDT.

Limits: the trace has 0 audit errors, 0 missing seeds and 0 incomplete branches. No exchange deposit endpoints were identified, and no endpoint remains open for a new freeze request. Some hops rely on consolidation heuristics rather than direct links, so those attributions carry a confidence below the maximum. FIFO attribution is an accounting convention and does not establish ownership. The trace identifies no person or entity behind any wallet.

Referral: related reports can be lodged at https://www.ic3.gov. Hound never charges, and never asks for keys or seed phrases.

Endpoints (all of them, largest attributed victim funds first, amounts under FIFO accounting, oldest money out first):

• 0xa1770ead287dc8e91631a7a323390d5b744f0021: 317,403.01 USDT victim funds attributed, 317,403.01 USDT victim inflow, reason holding, balance 3,950,000.00 USDT, funds later frozen by Tether on June 21, 2024, freeze tx 0x5b124d778136157b2f9e27e5fc6179780598288a9f36be7bd558301068f48b7a, 377,184.71 USDT under LIFO.
• 0xafd770d8898a0e323c607fe91358345e7b2378a5: 47,702.92 USDT victim funds attributed, 47,702.92 USDT victim inflow, reason holding, balance 435,088.01 USDT, funds later frozen by Tether on June 21, 2024, freeze tx 0x547c5335f4887c8b06ef4f1eec7726404ad6c23ce8a9f794cd14d3e4d21da776, none under LIFO.
• 0x4e5cda8f0d772ac57e947545192a0657ad47abb5: 12,077.78 USDT victim funds attributed, 12,077.78 USDT victim inflow, reason holding, balance 2,350,000.00 USDT, funds later frozen by Tether on June 25, 2024, freeze tx 0xa76529e1aa4576206a8c4c5fab2b136d94f24768b957dd7809de41bf9f55f4a5, none under LIFO.
• 1.00 USDT victim funds sent on from 0x9eb0c71e79066552bdd05a69fc4dcac075db5e1f in small branches below the minimum amount, not followed (reason dust). Not held at that wallet.
• 0xa327e6cfdd29022a530950079877861636f4dbb8: 0.075531024 ETH of victim ETH swapped with no matching USDT leg, reason swap_unresolved, balance not checked, not frozen.

Hops (every edge in the trace, in hop order; transaction hashes are in the trace export):

• hop 1: 0xd95da710ca21c985799a168109db702044be2cd4 to 0xcf9bbfa762ef5a84ba3d25350de941a6db485027, 59.622764 ETH attributed, 2 transactions, confidence 1.0, method direct.
• hop 1: 0xd95da710ca21c985799a168109db702044be2cd4 to 0xe799442b78b502cfa156895099ae26709c2d6ad0, 30.345363 ETH attributed, 2 transactions, confidence 1.0, method direct.
• hop 1: 0xd95da710ca21c985799a168109db702044be2cd4 to 0xa327e6cfdd29022a530950079877861636f4dbb8, 24.538073 ETH attributed, 2 transactions, confidence 1.0, method direct.
• hop 2: 0xcf9bbfa762ef5a84ba3d25350de941a6db485027 to 0x78366b2f6c5321ac30629c078120385ae2da1a06, 221,811.78 USDT attributed, 22 transactions, confidence 0.9, method consolidation.
• hop 2: 0xe799442b78b502cfa156895099ae26709c2d6ad0 to 0x212a021291a4a4007bc8892b2176c41204d9c794, 97,410.39 USDT attributed, 15 transactions, confidence 1.0, method direct.
• hop 2: 0xa327e6cfdd29022a530950079877861636f4dbb8 to 0x212a021291a4a4007bc8892b2176c41204d9c794, 85,064.53 USDT attributed, 18 transactions, confidence 1.0, method direct.
• hop 3: 0x78366b2f6c5321ac30629c078120385ae2da1a06 to 0x9eb0c71e79066552bdd05a69fc4dcac075db5e1f, 398,606.01 USDT attributed, 36 transactions, confidence 1.0, method direct.
• hop 3: 0x212a021291a4a4007bc8892b2176c41204d9c794 to 0x447190fc07d5d9d0552077f6942fd3131eb6911a, 175,374.93 USDT attributed, 38 transactions, confidence 1.0, method direct.
• hop 3: 0x212a021291a4a4007bc8892b2176c41204d9c794 to 0x28b877f1c8e6a4bdf0407a6a77eb83346fd17376, 7,100.00 USDT attributed, 13 transactions, confidence 1.0, method direct.

Contacts for a live case: freeze requests to Tether via law enforcement; reports to IC3 at https://www.ic3.gov; for an exchange endpoint, that exchange's compliance team by legal process.

Reported, not proven. Hound never charges, never asks for keys or seed phrases; anyone offering paid recovery is a scam. Citations verified 212/212.

Every number above was checked against the trace (212 cited fields).