US EditionDOJ sues for $15 billion in bitcoin, largest forfeiture action in its history
- The Department of Justice filed a civil forfeiture complaint to confiscate about $15 billion worth of bitcoin, the largest forfeiture action in its history.
- U.S. prosecutors accuse a Cambodian businessman of directing fraud and money laundering schemes that caused billions in losses worldwide.
- The DOJ stated that hundreds of trafficked workers were forced to execute scams by convincing victims to transfer crypto.
- Authorities viewed the action as a significant strike against human trafficking and cyber-enabled financial fraud.
13 Articles
13 Articles
The U.S. just seized $15 billion in Bitcoin from scammers
The U.S. Department of Justice (DOJ) has just made crypto history, seizing an astonishing $15 billion in Bitcoin from an international hacking network. Touted as the largest forfeiture case ever, the operation exposes the vast reach of a “pig butchering” scam that preyed on unsuspecting victims across the globe. But who are the masterminds behind this criminal empire and how did they convince so many to hand over their digital fortunes? DOJ crac…
Chinese Mining Pool Moves Dormant Bitcoin After Department of Justice Files Largest Forfeiture Case
A cryptocurrency wallet connected to the compromised LuBian mining pool transferred $1.3 billion in Bitcoin on Wednesday. According to Cointelegraph, the transfer occurred one day after federal prosecutors announced a $15 billion forfeiture action. Blockchain analytics firm Lookonchain detected 9,757 BTC moving to new addresses after three years of inactivity.Arkham Intelligence identified a second transfer hours later involving 2,129 BTC worth …
Crypto suffers largest crash, DOJ makes largest BTC seizure
Crypto markets reel from a record $19B liquidation after Trump's China tariff threat, while the DOJ unveils its largest forfeiture tied to a global scam. The post Crypto suffers largest crash, DOJ makes largest BTC seizure appeared first on CoinGeek.
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