US Department of Justice seizes $225.3 million worth of cryptocurrency fraud assets

According to Foresight News, the US Attorney's Office has filed a civil confiscation lawsuit in federal court for the District of Columbia, targeting $225.3 million in assets related to large-scale cryptocurrency investment fraud. The Secret Service and FBI have discovered through blockchain analysis technology that these funds come from a "crypto trust scam," involving a complex blockchain money laundering network that executed hundreds of thousands of transactions to conceal illegal gains. The investigation confirmed that dozens of victims in the United States suffered losses due to mistaken belief in legitimate investments, with over 400 suspected victims worldwide and a total loss of millions of dollars. The US Department of Justice expressed special thanks to Tether for providing assistance in the investigation. This seizure sets a new record in the law enforcement history of the US Secret Service's cryptocurrency cases.