U.S. prosecutors recover nearly $1.7 million in cryptocurrency investment scam funds through “civil asset forfeiture proceedings”

2025-12-06 00:30:50

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Mars Finance reports that, according to disclosures on the U.S. Department of Justice website, the U.S. Attorney’s Office for the Eastern District of Virginia has successfully recovered 420,740.422314 USDT and 1,249,996.15 BUSD, with a total value of nearly $1.7 million, through a civil asset forfeiture process. These funds originated from cryptocurrency investment fraud and money laundering activities and are currently being returned to victims. According to court documents, the fraudsters contacted victims via SMS and social media, posing as accidental acquaintances before luring them to encrypted chat applications. The scammers then gained victims’ trust and encouraged them to “invest” cryptocurrency on fraudulent investment websites. These websites mimicked legitimate cryptocurrency investment platforms but actually transferred the victims’ funds to the fraudsters.

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