U.S. authorities are seeking forfeiture of cryptocurrency tied to fraud schemes, with the amount sought reported as either $20 million or $25 million depending on the source. The action is the latest in a series of asset seizures by a dedicated federal scam task force that has already recovered more than $800 million from similar operations.
What the filings show
Court documents in the case list the target amount inconsistently — one filing says $20 million, another says $25 million. The discrepancy may reflect separate tranches of assets or different accounting methods. The government is seeking forfeiture of crypto held in wallets linked to the alleged fraud.
The task force's record
The federal scam task force has been active for several years, recovering over $800 million from crypto fraud schemes. That total includes funds from investment scams, phishing operations, and social engineering attacks. The task force has also brought criminal charges against dozens of individuals.
The new forfeiture case is ongoing. No court date has been set yet.
