The Department of Justice (DoJ) declared the confiscation of digital currency valued at approximately $112 million connected to fraudulent cryptocurrency investments. Laundering money from cryptocurrency confidence scams According to court documents, the virtual currency accounts were allegedly used to launder proceeds of various cryptocurrency confidence scams. In these schemes, fraudsters cultivate long-term relationships with victims met online, eventually enticing them to make investments in fraudulent cryptocurrency trading platforms. In reality, however, the funds sent by … More
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