The US Department of Justice has announced that it has confiscated six crypto accounts with an estimated value of $112 million that are suspected to be related to digital currency investment scams in the states of Arizona, California and Idaho. According to the Department of Justice, the next step is to return the stolen cryptocurrencies to the victims.
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According to court documents, the suspects behind the various scams approached their victims through various dating platforms, messaging apps or social media platforms, where they built trust with them and then presented them with investment schemes. The suspects transferred all the funds to accounts under their control instead of investing them as they promised.