Record US Crypto Seizure: $225 Million Claimed From Major Global Scam
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The US Department of Justice (DOJ) announced on Wednesday one of its largest-ever seizures of cryptocurrency, totaling over $225 million, linked to an extensive network of fraudulent “pig butchering” scams.
The civil forfeiture action targets funds traced to a series of deceptive investment platforms that lured individuals with the promise of legitimate cryptocurrency opportunities, only for them to fall prey to sophisticated criminal operations, often based overseas.
Federal Crackdown On Crypto Fraud
Shawn Bradstreet, Special Agent in Charge of the US Secret Service’s San Francisco…
