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US prosecutors seek forfeiture of $25 million in crypto tied to fraud

The US wants to forfeit $25 million in digital assets recovered across five international fraud and laundering investigations.

Reported · Written up by our desk · Regulation

US prosecutors are seeking forfeiture of $25 million in cryptocurrency tied to global fraud investigations, according to The Block.

The case focuses on crypto recovered from five separate investigations into international fraud and laundering networks.

The filing seeks to transfer the recovered digital assets as part of the government action tied to those broader cases.

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