DOJ’s $225M Seizure Puts Human Cost of Crypto Scams in Focus, Former Acting U.S. Attorney Says
The U.S. Department of Justice is sending a message with its recent effort to seize $225 million in crypto tied to pig butchering scams: these funds were stolen from victims.
At least, that’s the takeaway from Phil Selden, a member at Cole Schotz PC and former acting US Attorney for the District of Maryland.
The DOJ moved to seize these funds last month through a forfeiture motion, although it has yet to publicly identify any individuals accused of stealing the funds.
But that’s the point, Selden said.
“This is a tone-setting case,” said Selden, who’s now a member at law firm Cole Schotz PC. “We have victims on American streets, and the Department made clear they didn’t want to wait for an arrest to actually ensure that the crypto was…
