The United States Ministry of Justice (DoJ) announced on May 23 that it had recovered more than $ 3.3 million in digital assets linked to fraud based on cryptography.
According to press statements, the American district judge Amir Ali approved the forfeiture of approximately $ 2.5 million in cryptocurrencies. In addition, the authorities seized an additional $ 868,000 in digital assets linked to a similar scam.
The operation supported by fasteners helps recover millions
The DoJ said that active plans were part of a wider campaign to dismantle fraud linked to the crypto and the stariment criminals of any gain.
“Whether in the streets of our district or hide behind a computer screen abroad, the United States will continue to hold responsible fraudsters and grsions, to seize the money they swindle from the Americans workers and to use our authority to compensate the victims,” said American lawyer Jeanine Ferris Pirro.
The DoJ explained that the assets entered are linked to sophisticated cryptocurrency investment scams.
These patterns generally start with crooks holding hands with victims via un solicited text messages, dating applications or professional networking platforms. Once the communication is established, fraudsters establish relationships and confidence over time.
The crook then promotes what seems to be an opportunity to invest in successful cryptocurrency. Victims are often guided towards apparently legitimate platforms which are in fact controlled by criminals. These platforms imitate real investment sites to induce users misleading.
Victims are encouraged to create accounts on popular cryptocurrency exchanges and to transfer funds from their bank accounts. Once the assets converted into crypto, they are then moved to false platforms entirely controlled by the crooks.
These platforms can display high yields to attract larger deposits. In some cases, the victims are authorized to withdraw a small amount of profits to strengthen credibility and encourage continuous investment.
Finally, access is revoked, apologies are made and the victims completely lose control of their funds. Until then, the authors have already channeled the funds to portfolios under their control.
The FBI special agent, Stacey Moy, noted the human cost of these operations, claiming that these regimes manipulate vulnerable victims to lose sums of devastating money.
“We hope that today’s announcement will bring a measure of justice to the victims and serve as a reminder, the FBI will hold responsible fraudsters, no matter where they are,” he added.
Meanwhile, the DoJ also thanked Tether, the transmitter of the USDT Stablecoin, for having supported the investigation. Over the years, the firm has always worked with the police to prevent bad players from using its network.
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