$225 Million #Crypto Seized in Historic DOJ Bust Against Investment #Scams


The U.S. Attorney's Office has filed civil forfeiture complaints against $225.3 million in cryptocurrency connected to investment fraud schemes.


This marks the largest cryptocurrency seizure in U.S. Secret Service history, officials announced Wednesday.


Federal investigators used #blockchain analysis to trace funds linked to cryptocurrency confidence scams affecting hundreds of victims globally.


The sophisticated money laundering network executed hundreds of thousands of transactions to conceal stolen funds across multiple #wallet addresses.


Dozens of U.S. victims were confirmed, with over 400 suspected victims worldwide losing millions through fraudulent investment promises.


According to FBI data, crypto investment fraud caused $5.8 billion in reported losses during 2024 alone.


The investigation involved collaboration between the Secret Service and FBI, and received assistance from #Tether in tracking illicit transactions.

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June 18, 2025 at 6:31 PM