🚧⛲The U.S. Department of Justice has filed a civil lawsuit for the confiscation of cryptocurrencies worth over $225 million, related to a large-scale money laundering scheme linked to investment frauds. This is the largest seizure of such assets in the history of the U.S. Secret Service.
According to the investigation, the FBI and Secret Service identified a network that conducted hundreds of thousands of transactions to conceal the origin of the stolen funds. During an operation using blockchain analysis, law enforcement discovered addresses associated with dozens of phishing campaigns posing as legitimate cryptocurrency investment projects.
Victims included at least 400 individuals in the U.S. and abroad. Total losses are estimated in the millions of dollars. The fraudsters typically misled investors by building trust—hence, the schemes are classified as crypto confidence scams.
District Attorney of Columbia, Janine Pirro, noted that the initiative is being conducted with the support of Trump and Attorney General Pam Bondi. She emphasized the priority of recovering stolen assets for the victims and combating foreign criminals who use cryptocurrencies for money laundering.
