PANews reported on September 27 that according to an announcement by the U.S. Department of Justice, the U.S. government has seized more than $6 million in cryptocurrencies from overseas criminals. These funds are suspected to come from a cryptocurrency trust investment scam. The perpetrators of the scam lured U.S. citizens to transfer cryptocurrencies through a fake investment platform, and eventually transferred the funds to a wallet address controlled by the criminals. The FBI tracked the victims' funds through the blockchain and found multiple wallet addresses that still held the victims' funds. The case is being investigated by the U.S. Attorney's Office for the District of Columbia and the FBI Knoxville Branch.
Chad Yarbrough, assistant director of the FBI Criminal Investigation Division, issued a statement on the cryptocurrency seizure. Yarbrough said that such scams destroy the lives of countless Americans every day, and many victims even mortgaged their properties for multiple loans while looking for the "next big investment opportunity", resulting in heavy losses.