U.S. DOJ Recovers $2.5M in Crypto from Fraud Schemes, Aims to Restore Market Trust

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TheNewsCrypto 21h ago

U.S. DOJ Recovers $2.5M in Crypto from Fraud Schemes, Aims to Restore Market Trust - TheNewsCrypto

Quick Summary:

As a bold step against cryptocurrency fraud, the U.S.

Department of Justice (DOJ) has declared that it has forfeited around $2.5 million in cryptocurrency, all of which is tied to fraudulent investment scams that took advantage of growing public interest in the crypto sector.

This recovery highlights the emergent type of cyber-financial law enforcement that the U.S.government is somehow experimenting with and is nowadays becoming quite apt at moving through complex blockchain ecosystems.