The U.S. Department of Justice has filed a civil forfeiture lawsuit involving $225 million in Crypto Assets investment fraud and Money Laundering.
ChainCatcher News: The U.S. Department of Justice today filed a civil forfeiture lawsuit in the U.S. District Court for the District of Columbia, accusing it of unlawfully seizing over $225.3 million in Crypto Assets.
According to the lawsuit, law enforcement agencies used blockchain analysis and other investigative techniques to determine that these Crypto Assets were related to the theft and laundering of funds from victims of a Crypto Assets investment scam.
The complaint alleges that the cryptocurrency address holding more than $225.3 million in cryptocurrency is part of a sophisticated blockchain-based money laundering network that executes hundreds of thousands of transactions and is being used to disperse the proceeds of cryptocurrency investment fraud across a number of cryptocurrency addresses and accounts on the blockchain to disguise the source of illegally obtained funds.
It is reported that Stefanie Schwartz and Et, trial lawyers from the Computer Crime and Intellectual Property Section (CCIPS) of the U.S. Department of Justice,