Florida Sheriff’s Office Loses Crypto Seizure Battle – Forced to Return Digital Assets
Another day, another government agency learning the hard way: crypto doesn’t play by old rules.
Legal smackdown forces handback
A Florida sheriff’s office just got schooled in blockchain’s ironclad property rights. After a fiery court challenge, they’re emptying their crypto seizure wallet—proving even badge-toting bureaucrats can’t ignore smart contracts and private keys.
Finance jab: Meanwhile, traditional banks still charge $35 overdraft fees for the privilege of holding your money hostage.
Crypto scams mimic agencies
The fake government impersonation is part of a broader pattern of crypto scams exploiting official-sounding agencies.
On Monday, Arizona resident Vincent Mazzotta pleaded guilty on Monday to money laundering and obstruction charges in a $13 million investment fraud.
The scam saw Mazzotta establish a bogus "Federal Crypto Reserve" to scam people, collecting fraudulent investigation fees from those he had already defrauded.
