The U.S. Department of Justice has taken significant action by seizing $15 billion in bitcoin from the head of Prince Group, a notorious criminal organization involved in extensive financial fraud. This group reportedly defrauded numerous victims across the United States through fraudulent cryptocurrency investment schemes known as romance baiting or pig butchering. These scams lured individuals into investing in non-existent crypto opportunities, leading to substantial financial loss.
The seizure marks a significant milestone in the ongoing battle against cryptocurrency-related scams, particularly those utilizing emotional manipulation tactics to exploit victims. As law enforcement ramp up their efforts to combat such fraud, cases like this highlight the importance of regulatory measures and public awareness to protect investors from similar schemes. The DOJ’s actions not only aim to recover lost funds for victims but also send a strong message to criminal entities engaged in online fraud.
👉 Pročitaj original: BleepingComputer
