U.S. DOJ seeks forfeiture of $25M in crypto tied to international fraud

The U.S. Department of Justice is pursuing forfeiture proceedings for more than $25 million in cryptocurrency tied to an international fraud case, The Block reported. According to the DOJ, the seized assets were secured during an international fraud investigation, and prosecutors are now pursuing a forfeiture action to formally transfer the assets to the state. The DOJ added it has recovered more than $800 million in victim assets to date through its Scam Center Strike Force.