U.S. Justice Department seeks seizure of 225 million USDT

The U.S. Department of Justice has filed a civil forfeiture complaint to seize more than 225 million USDT in cryptocurrency linked to a massive investment fraud and money laundering network. This action represents one of the largest cryptocurrency seizures in the history of the U.S. Secret Service, involving more than 430 suspected victims.

The investigation, supported by the FBI and the Secret Service, traced the funds through a sophisticated blockchain network used to facilitate the scams. The legal proceedings also involve Nivedita Kaul, a former legal advisor who lost 8 million USD to crypto scammers in 2022. After conducting her own blockchain investigations, she identified a wallet containing over 100 million USD, leading to a seizure order by a Turkish court. Kaul is currently contesting the U.S. government's seizure of these assets in a U.S. court.