US Freezes $1 Billion in Crypto as Scam Networks Spread Worldwide

U.S. authorities have restrained more than $1 billion in cryptocurrency as overseas scam networks expand beyond Southeast Asia. New charges describe an alleged Madagascar dating scam that lured Americans into connecting crypto wallets to fraudulent investment websites. More than $1 billion in cryptocurrency tied to fraud and scams was restrained, U.S. Attorney Jeanine Ferris Pirro for the District of Columbia said Oct. 27. The Justice Department’s Scam Center Strike Force expanded its global reach as Chinese-linked criminal networks spread into Africa and Europe.

Source: Bitcoin.com News