Largest crypto seizure in U.S. history linked to fraud
The U.S. Department of Justice has seized over $225.3M in cryptocurrency tied to fraudulent investment schemes known as “crypto-confidence scams.” This marks the largest digital asset seizure ever carried out by the U.S. Secret Service and FBI.
Scammers lured victims by posing as legitimate investment platforms. According to investigators, hundreds of U.S. citizens and over 400 people worldwide were affected. In 2024 alone, damages from such schemes exceeded $5.8B.
