The US government seized over $6 million worth of cryptocurrency from overseas criminals
According to a statement released by the US Department of Justice, the US government has seized over $6 million worth of cryptocurrency from overseas criminals, suspected to have come from a cryptocurrency trust investment scam. The perpetrator of this scam lured US citizens to transfer cryptocurrency through a fake investment platform, ultimately transferring the funds to a wallet address controlled by criminals. The FBI tracked the victim's funds through blockchain and found multiple wallet addresses that still hold the victim's funds. This case is being investigated by the United States District of Columbia Prosecutor's Office and the FBI Knoxville Branch. Chad Yarbrough, Assistant Director of the FBI Criminal Investigation Department, issued a statement regarding the cryptocurrency seizure case. Yarbrough said that this kind of fraud is destroying the lives of countless Americans every day. Many victims even mortgage their houses for many times when they are looking for "the next big investment opportunity", resulting in heavy losses.