The U.S. Department of Justice (DOJ) is filing a civil forfeiture complaint against over $225 million in crypto.
According to a new DOJ press release, the funds are connected to a crypto confidence scam, laundering and theft scheme.
A civil forfeiture is a legal complaint that targets property – in this case, crypto – that was either obtained illegally or used to commit a crime. The DOJ’s complaint was filed in the U.S. District Court for the District of Columbia, and if the court agrees with the filing, the DOJ will likely have the go-ahead to seize the funds.
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The crypto confidence scam, often called a pig butchering scheme, allegedly took the funds of over 400 victims who thought they were investing in cryptocurrencies. The
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