US seeks forfeiture of $25M in crypto tied to romance, investment scams
US prosecutors are seeking more than $25 million in cryptocurrency allegedly connected to international fraud and laundering networks.
The US Department of Justice (DOJ) has filed five civil forfeiture complaints seeking more than $25 million in crypto allegedly tied to international investment, romance and recovery scams targeting victims in Canada and the United States.
On Tuesday, the US Attorney’s Office for the District of Columbia and the US Secret Service’s Washington Field Office said that the assets were recovered through separate investigations by the Cyber Fraud Task Force. Investigators identified several laundering networks and confirmed thousands of victims worldwide who were misled into believing they were making legitimate digital asset investments.
The action highlights the growing scale of crypto-enabled romance and investment scams, which often combine social engineering with fraudulent trading platforms and layered wallet transfers to conceal stolen funds.
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