Washington State Moves To Forfeit $7.1 Million Worth Of Crypto From International Fraud Scheme
Main Idea
Washington State is seeking to forfeit $7.1 million in cryptocurrency linked to a $97 million fraud scheme involving Russian and Nigerian IP addresses.
Key Points
1. U.S. officials are pursuing the forfeiture of $7.1 million in digital assets tied to a $97 million crypto fraud scheme.
2. The fraud occurred between June 22 and July 24, with funds moved to at least 81 different accounts across multiple cryptocurrencies.
3. The recovered assets were linked to Russian and Nigerian IP addresses.
4. One of the indicted fraudsters, Auyeung, faces up to 200 years in prison if convicted.
Description
The U.S. Attorney’s Office for the Western District of Washington filed a civil action on Tuesday seeking the forfeiture of over $7 million in digital assets recovered from a massive crypto scheme, a new press release from the Department of Justice shows. Fraudsters Stole $97 Million in Crypto Scheme, New Press Release Shows According to the July 23 press release , U.S. officials are looking to forfeit $7.1 million, just a sliver of the $97 million stolen by a handful of crypto fraudsters betwee...
Latest News
- Russia Reports x10 Rise In Registered Crypto Mining Firms2025-07-24 23:42:48
- Leading AI Claude Predicts the Price of XRP, Shiba Inu and Pi Coin by the End of 20252025-07-24 22:42:30
- Crypto Price Prediction Today 24 July – XRP, Solana, Dogecoin2025-07-24 22:41:53
- Shiba Inu Price Prediction: Burn Rate Surges 6,500% in 24 Hours – SHIB Preparing for a 5x Rally2025-07-24 21:42:56
- NYC Crypto Torture Case Suspects Granted Million Dollar Bail2025-07-24 21:41:52