The US Department of Justice has filed a civil confiscation lawsuit against $225 million in funds involved in cryptocurrency investment fraud and money laundering

Odaily Planet Daily News: The US Department of Justice filed a civil confiscation lawsuit today in the Federal District Court for the District of Columbia, accusing it of confiscating over $225.3 million worth of cryptocurrency. According to the lawsuit, law enforcement agencies have used blockchain analysis and other investigative techniques to determine that these cryptocurrencies are related to the theft and money laundering activities of victims' funds in cryptocurrency investment fraud cases. The complaint alleges that cryptocurrency addresses holding over $225.3 million in cryptocurrency are part of a complex blockchain based money laundering network that executes hundreds of thousands of transactions and is used to spread the proceeds of cryptocurrency investment fraud across many cryptocurrency addresses and accounts on the blockchain to conceal the source of illegally obtained funds.