The US Department of Justice (DoJ) has seized an estimated $112 million from six
accounts allegedly used to launder proceeds linked to cryptocurrency investment
scams.
accounts allegedly used to launder proceeds linked to cryptocurrency investment
scams.
In such scams, fraudsters cultivate long-term relationships with victims they
meet online, eventually enticing them to invest in fraudulent cryptocurrency
trading platforms, court documents say.
In reality, victims’ investments are instead funneled to cryptocurrency
addresses and accounts controlled by scammers and their co-cons