The U.S. Department of Justice has filed a civil forfeiture lawsuit involving $225 million in cryptocurrency investment fraud and money laundering

ChainCatcher News: The U.S. Department of Justice today filed a civil forfeiture lawsuit in the U.S. District Court for the District of Columbia, accusing it of seizing cryptocurrency valued at over $225.3 million.

According to the lawsuit, law enforcement used blockchain analysis and other investigative techniques to determine that this cryptocurrency is related to the theft and money laundering activities involving funds from victims of cryptocurrency investment scams.

The complaint states that the cryptocurrency address holding over $225.3 million is part of a complex blockchain-based money laundering network that executed hundreds of thousands of transactions and was used to disperse the proceeds of cryptocurrency investment fraud across many cryptocurrency addresses and accounts on the blockchain to conceal the source of the illegally obtained funds.

It is reported that trial attorneys Stefanie Schwartz and Ethan Cantor from the Computer Crime and Intellectual Property Section (CCIPS) of the U.S. Department of Justice, along with Assistant U.S. Attorneys Kevin Rosenberg and Rick Blaylock Jr. from the District of Columbia, are handling this case.