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U.S. Seizes $225 Million in Largest Crypto Scam Crackdown to Date

  • U.S. seizes $225 million in largest crypto scam crackdown targeting funds linked to crypto confidence scams.
  • Scammers used complex blockchain addresses to disguise illicit proceeds and defraud hundreds of individuals globally.
  • Over 400 individuals worldwide targeted with dozens of U.S. victims; operation revealed a sophisticated money laundering network.
  • Authorities traced illicit funds using blockchain forensics, marking the largest crypto seizure in U.S. Secret Service history.
  • The scam networks preyed on trust, causing severe financial distress to victims.
  • U.S. Attorney praises President Trump and Attorney General for support in aggressive crackdown.
  • DOJ warns of rising threat of crypto investment fraud costing Americans billions, with more actions to follow.
  • FBI reports over $5.8 billion in losses from crypto investment scams in 2024, acknowledging Tether's assistance in tracing suspect assets.
  • Case signifies escalated U.S. efforts to dismantle global crypto fraud networks and recover stolen digital assets for victims.

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