U.S. seeks to recover $7.1M in crypto from oil fraud case

U.S. prosecutors are seeking $7.1 million in crypto tied to an oil and gas fraud led by Geoffrey K. Auyeung, indicted in 2024 for money laundering. Funds were funneled through 81 accounts, including 19 crypto wallets holding BTC, USDT, USDC and ETH. Authorities have already seized $2.3 million, The Block reported.