Huge cryptocurrency seizure by DOJ

"According to court documents, the virtual currency accounts were allegedly used to launder proceeds of various cryptocurrency confidence scams.

In these schemes, fraudsters cultivate long-term relationships with victims met online, eventually enticing them to make investments in fraudulent cryptocurrency trading platforms. In reality, however, the funds sent by victims for these purported investments were funneled to cryptocurrency addresses and accounts controlled by scammers and their co-conspirators." Read the story HERE