The post United States DOJ recovers $2.5 million linked to fraudulent crypto schemes appeared on BitcoinEthereumNews.com.

The United States Department of Justice (DOJ) has announced the recovery of about $2.5 million linked to several fraudulent cryptocurrency schemes. According to the DOJ, the recovery was from schemes and ventures that exploited the growing interest of users in the industry. According to the DOJ, the move also underscores an aggressive push to restore trust and integrity across markets in the crypto industry. The order of forfeiture was made by United States District Court Judge Amir H. Ali, and announced by US Attorney Jeanine Ferris Pirro, Chief John Lynch of the Computer Crimes and Intellectual Property Section of the Department of Justice, and FBI Special Agent in Charge Stacey Moy of the San Diego Field Office. United States DOJ wins order of forfeiture With the order, the United States government is expected to take charge of the assets, marking another effort by federal authorities to ensure the financial market remains with its integrity while protecting its participants from deception. The latest development also underscores the DOJ’s commitment to safeguarding legitimate investment activities in the digital asset industry. These schemes, often appearing to have an air of legitimacy, use different techniques and methods to lure crypto investors. While some of them use the promise of high returns, others use the promise of something bigger. For example, some platforms promise investors very high profits, using their inexperience to impress upon them to make the investments. These traders often part with huge funds as they seek to make profits from what they feel is a market that everybody is involved in. In some other cases, there are the issues of Ponzi schemes, where users are mandated to recruit other traders onto a platform for profits. What the platform does is that it uses funds from newer investors to pay older investors, carrying…

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Filed under: News - @ May 24, 2025 9:22 am