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U.S. seeks forfeiture of $25 million in crypto tied to romance and investment scams

U.S. seeks forfeiture of $25 million in crypto tied to romance and investment scams

Federal prosecutors filed five civil forfeiture complaints seeking more than $25 million in cryptocurrency that investigators say came from international romance and investment scams targeting people in the U.S. and Canada.

The complaints, filed in U.S. District Court for the District of Columbia, stem from separate Secret Service investigations.

Agents traced funds through hundreds of wallet addresses and frozen crypto linked to more than 270 suspected investment scam transactions, more than 200 romance scam victims and several victims in the Washington area, according to the U.S. Attorney’s Office.

The two largest cases seek about $12.1 million tied to online romance schemes and $10.4 million linked to fraudulent investment platforms….

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