The U.S. government has recovered $225 million, which is the largest seizure of funds connected to a cryptocurrency investment scam.
In a statement released Wednesday, June 18, the U.S. Attorney’s Office said the recovery followed an extensive investigation by the FBI and the U.S. Secret Service, using blockchain analysis and other forensic tools. The statement did not confirm whether any arrests had been made.
According to the authorities, the stolen funds originated from fraudulent cryptocurrency investment schemes that tricked victims into believing they were making legitimate investments. More than 400 individuals around the world, including dozens in the United States, were reportedly affected.
The operation involved a sophisticated money laundering network that carried out hundreds of thousands of blockchain transactions to obscure the source and ownership of the stolen assets.
“These scams prey on trust, often resulting in extreme financial hardship for the victims,” said Shawn Bradstreet, Special Agent in Charge at the U.S. Secret Service office in San Francisco.
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Bradstreet added that U.S. officials hope the recovered funds can eventually be returned to the rightful victims.
Cryptocurrency investment fraud accounted for over $5.8 billion in reported losses in 2024 alone, according to the statement.
The CEO billionaire who founded the messaging app Telegram will leave his £17 billion fortune to his more than 106 children.
Pavel Durov, a 40-year-old tech tycoon, has six children with three different partners and is thought to have about 100 more after he gave sperm to dozens of couples across 12 countries.
Now, Durov has disclosed his intentions to leave his wealth to each and every one of his children.
In a recent interview with France’s Le Point magazine, the tech billionaire explained that there is no difference between the children he conceived naturally and those who came from donations.
They are all my children and will all have the same rights’, Mr. Durov said. ‘I don’t want them to tear each other apart after my death.’
But none of them will get any cash for 30 years, he revealed.
‘I want them to live like normal people, to build their lives on their own, to learn to trust themselves, to be able to create – not to be dependent on a bank account’.