Manhattan District Attorney Freezes $1.3 Million in Crypto — Seeks to Return Funds to Fraud Victims

Manhattan District Attorney (DA)’s Office has frozen much than $1.3 cardinal successful cryptocurrency “during fraud investigations conducted implicit the past 10 months.” The authorization said: “We are returning that wealth to the victims of these schemes — portion raising consciousness to forestall aboriginal fraud.”

$1.3 Million successful Cryptocurrency Frozen

Manhattan District Attorney (DA) Alvin Bragg announced Thursday that his bureau has “frozen much than $1.3 cardinal successful cryptocurrency during fraud investigations conducted implicit the past 10 months.”

Bragg detailed, “Using our blockchain investigation expertise, our investigators, prosecutors, and specialized cryptocurrency analysts were capable to find and frost much than $1.3 cardinal of stolen cryptocurrency successful the past 10 months alone,” elaborating:

While galore of these cyberthieves are overseas and presently retired of our reach, the cryptocurrency they stole is not. We are returning that wealth to the victims of these schemes — portion raising consciousness to forestall aboriginal fraud.

The announcement adds that cryptocurrency worthy $200,000 was seized and is present held successful the DA’s accounts.

The Manhattan District Attorney’s Office explained that crypto scams involving romance, bitcoin ATMs, imposters, distant desktop downloads, and fake relationship equilibrium screenshots person go progressively popular.

A trending scam involving cryptocurrency that has duped galore investors worldwide is called “pig butchering.” In caller months, respective U.S. authorities person warned astir the rising popularity of this benignant of scam.

What bash you deliberation astir the Manhattan DA’s Office freezing cryptocurrency with a program to instrumentality funds to fraud victims? Let america cognize successful the comments conception below.

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