DOJ to Reassess How Victims of Crypto Crime Are Compensated
Posted April 17, 2025 at 5:59 am EST.
In a memo released last Monday, the DOJ said that it would reconsider the process by which investors in digital assets that become forfeited in fraud and theft cases are repaid to investors at a lower price than the current spot value.
In the memo, the DOJ acknowledges the notable 2022 bankruptcy cases of FTX, Voyager Digital, Celsius Network, Genesis Global, BlockFi, and Gemini Trust. Not all of these bankruptcies included criminal charges. However, the DOJ points out that many involved the loss of digital assets due to “fraud and theft,” and also notes that the value of these assets dramatically increased in the ensuing years.
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