On July 3, 2025, American law enforcement confiscated $40,300 in cryptocurrencies ($ETH and stablecoins $USDT ) from a fraudster who posed as a representative of the Trump-Vance inauguration committee. According to the prosecutor's office, the perpetrator defrauded a US citizen who lost $250,300. The funds are planned to be returned to the victim. This case is another example of the rise of crypto fraud, which, according to Chainalysis, reached $6.2 billion worldwide in 2021.
The fraudster used a scheme pretending to be an official representative to extract funds through fake investment offers. The prosecutor's office is actively working to identify such schemes, using international warrants to block and return assets. This underscores the importance of vigilance when investing in cryptocurrencies, as fraudsters often disguise themselves as well-known brands or official organizations.
The US government is also tightening its control over the cryptocurrency market to prevent money laundering and fraud. This incident demonstrates how law enforcement is adapting to the challenges of the digital economy, protecting investors.
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