Federal public prosecutors in Albani are following more than $ 12 million in Usdt, They say that He was Associated with fraud in encryption. They filed a civil confiscation complaint in an attempt to recover money. It is another indication that officials deal with encryption fraud just like any other financial crime.
How did the fraud play
The scheme started with random text messages, promised to profitable investment opportunities. These messages led the victims to a fake trading platform called Shakepayex. The site was to make to It looks like A real Canadian encryption exchange, but it was not. After that, people who deposited the money were beaten with fake fees and obstacles when they tried to withdraw. Many deposits were said more before they could recover their money. In all, more than $ 10 million of reassured users has been dried.
The United States is moving to the Ministry of Justice to recover $ 12 million in Usdt linked to encryption fraud. Civil confiscation has become "One of the most important tools in encryption investigations," To restore money and disrupt the illegal activity.
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Civil confiscation case
To restore stolen encryption, the government uses civil confiscation. This approach allows them to seize the suspected assets that are linked to the crime, even without a criminal condemnation. It has become a good way in coding fraud. The idea is simple: freezing the assets before it disappears and tries to return them to the legal owners.
Part of a larger style
This is not the first time that the Ministry of Justice has taken this way. Earlier this year, it provided a similar procedure that included $ 225 million in Usdt associated with defrauding pig slaughtering. It was the largest bout of USDT registered. In this case, work enforcement with Tether and Blockchain analysts to track and freeze money. The same type of teamwork plays again here.
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Make civil confiscation work for victims
Civil confiscation used to see it mainly as a way to prevent criminals from using stolen money. Now it is also a way to give victims a way towards recovery. By quickly identifying and freezing suspicious portfolios, officials can prevent stolen money from transporting them through mixers or disbursing them. If the courts agree to the confiscation, then this money can be returned to those who lost it.
What comes after that
The next step is that the courts decide whether the seized funds are clearly related to illegal activity. If they are, the government can possess legal assets. This would open the door to compensate the victims. The issue also feeds on broader efforts to make encryption markets safer. Public prosecutors hope that strong Enforcement, along with the fastest cooperation between the platforms, will prevent future fraud from the growth of this great.
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Main meals
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Federal public prosecutors are trying to recover more than $ 12 million in Usdt linked to a fake coding platform called Shakpayex.
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The victims were seduced by random messages and were deceived in sending money to a fraud site that imitated a real exchange.
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The government uses civil confiscation to freeze and restore assets, even without criminal condemnation.
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This situation follows the $ 225 million USD confiscation earlier this year, indicating an increasing pattern in how to treat encryption fraud.
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Officials hope that civil confiscation will become a reliable way to help victims restore stolen money from coding fraud.
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