DoJ seizes $112M in stolen crypto, will try to return funds to victims
The illicit funds have been seized from six accounts that the DoJ alleges are laundering funds for crypto confidence scams.
Cryptocurrency news by Protos · Protos
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Show Notes
Six virtual currency accounts allegedly used to launder funds for a number of crypto investment scams have been seized by the US Justice Department (DoJ) along with an estimated $112 million in virtual currency.
As detailed in warrants greenlit by judges in Arizona, California, and Idaho, the scammers persuaded victims to invest in fraudulent crypto trading platforms before funneling the funds to their own wallets.
Authorities investigating the case have pledged to return as much of the funds as possible to the victims.
Find out more about the series of confidence scams by clicking on the video above.
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