Manhattan District Attorney (DA)’s Office has frozen greater than $1.3 million in cryptocurrency “during fraud investigations conducted over the past ten months.” The authority stated: “We are returning that money to the victims of these schemes — while raising awareness to prevent future fraud.”
$1.3 Million in Cryptocurrency Frozen
Manhattan District Attorney (DA) Alvin Bragg introduced Thursday that his workplace has “frozen more than $1.3 million in cryptocurrency during fraud investigations conducted over the past ten months.”
Bragg detailed, “Using our blockchain analysis expertise, our investigators, prosecutors, and specialized cryptocurrency analysts were able to locate and freeze more than $1.3 million of stolen cryptocurrency in the past 10 months alone,” elaborating:
While many of those cyberthieves are abroad and presently out of our attain, the cryptocurrency they stole just isn’t. We are returning that cash to the victims of those schemes — whereas elevating consciousness to stop future fraud.
The announcement provides that cryptocurrency value $200,000 was seized and is now held in the DA’s accounts.
The Manhattan District Attorney’s Office defined that crypto scams involving romance, bitcoin ATMs, imposters, distant desktop downloads, and faux account stability screenshots have develop into more and more well-liked.
A trending rip-off involving cryptocurrency that has duped many buyers worldwide known as “pig butchering.” In latest months, a number of U.S. authorities have warned concerning the rising recognition of any such rip-off.
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