The US Department of Justice (DOJ) announced it has seized $112 million worth of crypto linked to multiple crypto investments scams without disclosing them.
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The regulator said in a press release on Monday it has blocked six virtual currency accounts used to launder proceeds of various scams. The DOJ says schemes were aimed at long-term relationships with victims. The fraudsters enticed victims to make investments in cryptocurrency trading platforms, the regulator said.
The agency pointed out that scammers often target their victims through social networking, specifically seeking them on dating websites and text messages. According to the FBI, the highest number of reports came from victims between the ages of 30 and 49.
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