The US is looking to nab $7.1 million worth of crypto seized by Homeland Security in December tied to an allegedly fraudulent oil and gas investment scheme.

The Seattle US Attorney’s Office data-ct-non-breakable=”null” href=”https://www.justice.gov/usao-wdwa/pr/us-commences-civil-action-forfeit-71-million-cryptocurrency-tied-oil-and-gas-storage” rel=”noopener nofollow” target=”_blank” title=”null”>said on Tuesday that it filed a civil action to seek the forfeiture of some of the $97 million taken in by the alleged scheme that ran between June 2022 and July 2024.

“The co-schemers in this fraud moved their ill-gotten gain through various cryptocurrency accounts to try to launder the money stolen from victims,” Acting US Attorney for Seattle Teal Luthy…

The US is looking to nab $7.1 million worth of crypto seized by Homeland Security in December tied to an allegedly fraudulent oil and gas investment scheme.

The Seattle US Attorney’s Office data-ct-non-breakable=”null” href=”https://www.justice.gov/usao-wdwa/pr/us-commences-civil-action-forfeit-71-million-cryptocurrency-tied-oil-and-gas-storage” rel=”noopener nofollow” target=”_blank” title=”null”>said on Tuesday that it filed a civil action to seek the forfeiture of some of the $97 million taken in by the alleged scheme that ran between June 2022 and July 2024.

“The co-schemers in this fraud moved their ill-gotten gain through various cryptocurrency accounts to try to launder the money stolen from victims,” Acting US Attorney for Seattle Teal Luthy…