The U.S. Department of Justice has filed a civil forfeiture lawsuit involving $225 million in Crypto Assets investment fraud and Money Laundering.

ChainCatcher news, the U.S. Department of Justice today filed a civil forfeiture lawsuit in the Federal District Court for the District of Columbia, accusing it of seizing over $225.3 million in Crypto Assets. According to the lawsuit, law enforcement used blockchain analysis and other investigative techniques to determine that the cryptocurrencies were linked to the theft and money laundering of the funds of victims of cryptocurrency investment scams. The complaint alleges that a cryptocurrency address holding over 225.3 million dollars in Crypto Assets is part of a complex money laundering network based on blockchain, which executed hundreds of thousands of transactions and was used to disperse the proceeds of cryptocurrency investment fraud across numerous cryptocurrency addresses and accounts on the blockchain to conceal the source of illegally obtained funds. It is reported that trial lawyers Stefanie Schwartz and Ethan Cantor from the Computer Crime and Intellectual Property Section (CCIPS) of the U.S. Department of Justice, along with Assistant U.S. Attorneys Kevin Rosenberg and Rick Blaylock Jr. from the District of Columbia, are handling this case.