US Government Requests Confiscation of Bitcoin and 8 Altcoins Found on Binance!

bitcoin The increase in the adoption of cryptocurrencies and cryptocurrencies has brought with it an increase in fraud cases.

As fraudulent incidents begin to decline in the first quarter of 2023, the U.S. Government is linked to a fraudulent incident in March 2022. cryptocurrenciesHe took action to get the bee.

In March 2022, the U.S. government filed a confiscation lawsuit to reclaim cryptocurrencies that were allegedly the proceeds of a commercial email interception (BEC) scam scheme targeting a Massachusetts business, according to an official statement.

Government demand, world’s largest cryptocurrency stock market BinanceIt includes the giving of cryptocurrencies in seven accounts in .

Among the cryptocurrencies seized among the requested cryptocurrencies Bitcoin (BTC), Tether (USDT), APEcoin (APE), JasmyCoin (JASMY), Origin Protocol (OGN), Shiba Inu (SHIB), XEC (eCash), TLM and Binance Coin (BNB) is located.

What Happened?

In March 2022, scammers targeted a business in Massachusetts. The scammers scammed the business owner with a fake email and wired $898,342 from a Massachusetts bank account to a California bank account.

After this scam, a federal investigation began to find the culprits and the money.

The proceeds from this scam were traced back to another bank account and then the conversion of the funds to Bitcoin.

Funds in the form of cryptocurrencies were then transferred to a series of intermediary crypto addresses, similar to the tactics used in money laundering operations.

The US government eventually seized those cryptos or things of equivalent value, finding that some of the funds were in accounts at Binance in August and September 2022.

Now, the US government wants the confiscation of cryptocurrencies in accounts at Binance.