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Florida Seizes $1.5M in Crypto Linked to Chinese National’s Fraud Case

Florida Seizes $1.5M in Crypto Linked to Chinese National’s Fraud Case

Author:

Global Cryptocurrency

Published:

2025-12-12 20:02:02

25

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BTCCSquare news:

Florida authorities have confiscated $1.5 million worth of cryptocurrency tied to an investment scam orchestrated by a Chinese national. The seizure, executed under the Fugitive Disentitlement Act, marks a significant victory for the state's Cyber Fraud Enforcement Unit.

Attorney General James Uthmeier emphasized the state's commitment to adapting to evolving financial crimes. "Our prosecutors' agility ensures justice for victims," he stated, praising the collaborative efforts of law enforcement.

The case emerges as Florida legislators draft new regulations targeting crypto ATM fraud, which has drained $240 million from Americans in 2024's first half. Recovery proceedings will return the seized assets to the Citrus County victim post-trial.

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