US Secret Service Seizes $25M Crypto in Five Civil Forfeiture Actions

Federal authorities seized over $25 million in cryptocurrency linked to international fraud schemes, filing five civil forfeiture lawsuits targeting money laundering networks in Southeast Asia.

Woofun AI reports that the U.S. Secret Service and Federal Prosecutors’ Office for the District of Columbia announced the seizure of more than $25 million in cryptocurrency on July 21. This recovery stems from five civil forfeiture lawsuits filed against assets connected to international fraud targeting U.S. and Canadian residents.

The largest case involves romance scams affecting over 200 victims and totaling approximately $12.1 million, while another targets a wallet network reported by Canadian authorities worth around $10.4 million. These two cases represent about 85% of the seized assets. Investigators identified money laundering networks with IP addresses linked to China, Malaysia, and Cambodia, noting that most suspects are located in Southeast Asia. The investigations remain ongoing.