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US Recovers $2.5M in Crypto From Fraudulent Investment Schemes
US Recovers $2.5M in Crypto From Fraudulent Investment Schemes
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Federal agents have seized $2.5 million in cryptocurrency linked to fraudulent investment schemes, marking a significant step in the U.S. government’s efforts to combat market manipulation and restore confidence in digital asset markets. The Department of Justice announced the forfeiture on May 23, targeting operations that exploited investor FOMO (fear of missing out).
The crackdown underscores growing regulatory scrutiny as authorities seek to purge bad actors from the crypto ecosystem. No specific coins or exchanges were named in the enforcement action, reflecting the broad nature of these predatory schemes across the digital asset landscape.
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