**U.S. Recovers $7M in Crypto Fraud Scheme – Victims Can Now Claim Funds**
The United States has successfully recovered **$7 million** from an international crypto investment scam using **civil asset forfeiture**. The seized funds, taken from a foreign bank account, will now be available for victims to reclaim.
### **How the Scam Worked**
Fraudsters used **social engineering** to gain victims’ trust before luring them into fake crypto investments. They directed targets to **spoofed trading platforms** that displayed fake profits, making the scheme appear legitimate.
When victims tried to withdraw, scammers demanded **fake "taxes"** or fees, pressuring them into depositing even more money. The stolen funds were then laundered through **75+ shell company bank accounts**, with transactions disguised as domestic before being moved overseas.
### **The Recovery Process**
In **June 2023**, the **U.S. Secret Service** seized part of the stolen funds. After a **civil forfeiture complaint**, the foreign bank agreed to surrender **$7 million** to the U.S. government. Now, victims can **file claims** to recover their losses.
### **How to Submit a Claim**
Affected investors can submit petitions via:
📧 **[email protected]**
The **U.S. Attorney’s Office for the Eastern District of Virginia** and the **U.S. Secret Service** are overseeing the process.
#CryptoScam #Recovery #SECCrypto2.0 #FraudPrevention #CryptoInvestors
*Disclaimer: This post is for informational purposes only and not financial advice. Always conduct your own research before investing.*