The U.S. Department of Justice has seized over $225.3 million in cryptocurrency linked to scam activities, marking the largest such seizure in U.S. history. Blockchain analysis and investigative techniques traced the funds through multiple accounts on OKX used by scam operators. #CryptoScams #OKX
Keypoints
- The DOJ filed a civil complaint to seize over $225 million in cryptocurrency related to scams.
- The funds are believed to originate from cryptocurrency confidence scams involving OKX accounts.
- Investigations linked the scam operators to accounts controlled from Vietnam and the Philippines.
- Blockchain analysis helped authorities identify and freeze the proceeds from laundering activities.
- Crypto investment scams remain the most costly online crime, causing losses over $6.5 billion in 2023.
Read More: https://thecyberexpress.com/us-seizes-225-million-from-crypto-scams/