US Seizes $225 Million In Cryptocurrency Tied To Global Investment Fraud Network
The U.S. Department of Justice has filed a civil forfeiture complaint seeking to claim more than $225 million in cryptocurrency allegedly connected to international investment fraud schemes.
The action marks the largest crypto seizure to date involving so-called “confidence scams,” in which victims were led to believe they were making legitimate investments in digital assets.
According to the complaint, filed in the U.S. District Court for the District of Columbia, federal investigators from the FBI and the U.S. Secret Service used blockchain analytics to trace the movement of funds across a wide network of cryptocurrency addresses.
These addresses, the complaint says, were part of a laundering infrastructure that facilitated hundreds of thousands of transactions designed to obscure the origin and ownership …
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