U.S. Moves to Seize $25M in Crypto Linked to Romance and Investment Scams

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U.S. authorities have filed for forfeiture of approximately $25 million in cryptocurrency connected to romance and investment fraud schemes. The funds are alleged to have been obtained through deceptive tactics targeting victims of these scams. The action was brought forward by a dedicated federal task force focused on combating such fraudulent operations. This latest move brings the total recovered by the task force to over $800 million. The cases highlight ongoing federal efforts to pursue and reclaim assets lost to crypto-enabled scams.

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