This time, the FBI took a hard approach! Through on-chain tracking, they found that the scammers used a coin mixer to launder money, and they dug out the cold wallets hosted by the exchange and froze them overnight! They even auctioned the stolen money and distributed it to the victims through international cooperation - I give full marks to this operation, but the question is: How many people can wait for this day?
The US court directly froze the $2.5 million in stolen crypto money. This wave of operations is even more exciting than the old leeks in the cryptocurrency circle being cut! But on second thought, those brothers who were defrauded of their hard-earned money are probably cheering - after all, the money is back? I'm afraid it's just a dream!
Last year, the BitConnect scam collapsed, hundreds of thousands of people lost their money, and the scammers are still at large; 850,000 bitcoins were stolen from the Mt.Gox exchange, and they have not yet paid them back! Although 2.5 million bitcoins were caught this time, compared to the billions of dollars the scammers made, it is not even a fraction of that!
Technical Implementation Details
Tracing and confiscation: Law enforcement agencies analyze blockchain transactions to locate the wallets involved and freeze the assets through exchanges or custodians. For example, if the funds are stored in a compliant exchange, the platform must cooperate with the legal process.
Handling of confiscated assets: Confiscated cryptocurrencies may be transferred to the state treasury or used to compensate victims. In some cases, the stolen money is auctioned and transferred to a victim compensation fund.
User prevention advice
Invest cautiously: Avoid believing in promises of high returns and verify the background of the project team and the token economic model.
Secure Storage: Use hardware wallets instead of exchange custody to avoid private key leakage.
Beware of phishing: do not click on suspicious links and verify the authenticity of websites and communication channels.
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