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US government recovers $3.5 million in Bitcoin to reimburse cyber fraud victims

  • The US government has recovered $3.5 million in Bitcoin to reimburse victims of a cyber fraud scheme.
  • 32.68 BTC, valued at over $3.5 million, was seized in connection with a business email compromise (BEC) scheme.
  • The BTC was obtained through a BEC scheme targeting a real estate company, with multiple other individuals and businesses falling victim to similar scams.
  • The surge in Bitcoin's value will allow all ten claimants to be fully reimbursed for their losses.

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