US Authorities Seize Millions in Crypto Linked to Cyber Scam Organization

The US Justice Department has seized nearly $9 million worth of Tether cryptocurrency linked to an organization involved in romance scams and cryptocurrency confidence scams. The scammers targeted over 70 victims by creating fake websites and convincing them to make cryptocurrency deposits. The funds were quickly laundered through multiple cryptocurrency addresses and exchanged for different cryptocurrencies to obfuscate their origin. The seizure is a significant disruption to the financial infrastructure of the scam organization and serves as a reminder to cybercriminals that law enforcement will continue to follow the money and seize it back for victims.