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Breaking: United States Seeks To Recover Stolen Crypto Assets From Binance

source-logo  coingape.com 24 May 2023 12:21, UTC

Crypto News: In recent times, the United States has witnessed an alarming surge in crypto-related phishing scams and pig butchering schemes. Among these concerning developments, the US Attorney’s Office has filed a civil forfeiture action to reclaim cryptocurrency from Binance, believed to be the proceeds of a business email compromise (BEC) fraud scheme targeting a Massachusetts business. This legal action enables third parties to assert claims to the property, necessitating resolution before the assets can be forfeited to the United States and returned to the victims.