According to reports from Wu, the U.S. Department of Justice announced on June 18 that it has filed a civil forfeiture lawsuit in the federal court of the District of Columbia against over $225 million in cryptocurrency assets, accusing them of being involved in the transfer and laundering of funds derived from cryptocurrency investment fraud.
The investigation was conducted by the U.S. Secret Service and the FBI through blockchain analysis, confirming that the addresses involved constitute a money laundering network executing hundreds of thousands of transactions to conceal the source and ownership of the funds. U.S. officials claim this is the largest seizure of related cryptocurrency funds in the history of the Secret Service and stated that Tether assisted with the investigation.