The U.S. Department of Justice is actively pursuing civil forfeiture of stolen cryptocurrency, including $5 million in Bitcoin from SIM swapping attacks. These thefts involve unauthorized transactions and money laundering, often ending in online casinos or illicit schemes. #SIMSwapping #CryptoFraud
Keypoints
- The DOJ is pursuing civil forfeiture of stolen cryptocurrency, including $5 million in Bitcoin.
- Criminals used SIM swapping to gain access to victims’ crypto wallets and high-value accounts.
- The stolen funds were transferred through multiple wallets before being consolidated for illegal activities.
- Recent actions include seizures related to romance scams, North Korean hacking, and ransomware.
- State and private agencies are also involved in recovering stolen funds from cryptocurrency scams.
Read More: https://therecord.media/us-seeks-5-million-bitcoin-taken-in-sim-swaps