U.S. Trick Service Announces Its Largest-Ever Crypto Seizure in ‘Pig Butchering’ Case

The U.S. Department of Justice has initiated a civil forfeit case to take more than $225 million in digital properties connected to a large-scale, global cryptocurrency financial investment fraud network. The action represents the largest single cryptocurrency …

The problem, submitted on June 18 in the U.S. District Court for the District of Columbia, targets funds that detectives traced through hundreds of thousands of blockchain transactions created to obscure their illegal origins. Information of the Sophisticated Plan According to the Justice Department, the taken funds were part of a sophisticated, blockchain-based laundering operation. U.S. Attorney for the District of Columbia, Jeanine Pirro, likewise stressed her workplace’s dedication to bring back taken funds to victims.

The grievance, submitted on June 18 in the U.S. District Court for the District of Columbia, targets funds that private investigators traced through hundreds of thousands of blockchain deals developed to obscure their illicit origins. Information of the Advanced Scheme According to the Justice Department, the taken funds were part of a sophisticated, blockchain-based laundering operation. Law enforcement authorities stated that the network then moved the taken funds through an intricate maze of cryptocurrency addresses and accounts to hide the source. U.S. Attorney for the District of Columbia, Jeanine Pirro, also highlighted her office’s commitment to restoring stolen funds to victims.