The US Department of Justice revealed on Thursday that it has frozen more than $701 million in crypto linked to investment scams targeting Americans as part of an ongoing operation.
The US Scam Center Strike Force and its law enforcement partners targeted scam centers aimed at Americans, the US Attorney’s Office for the District of Columbia said Thursday. The cryptocurrency was “restrained” through voluntary actions by crypto exchanges and legal processes, it added.
“The Scam Center Strike Force continues its work to identify, seize, and forfeit funds involved in money laundering related to scams, so that funds can be returned to victims whenever possible,” it said.
The frozen cryptocurrency is a sizable amount. In March last year, US President Donald Trump signed an executive order for a Strategic Bitcoin Reserve and a Digital Asset Stockpile funded through confiscated crypto.
Read more: cointelegraph.com
Source: CRYPTO WORLD NETWORK NEWS
