US DOJ strike force 'restrains' $701M in crypto in ongoing scam crackdown

Besides freezing crypto, the strike force also seized a Telegram channel used to recruit unsuspecting job seekers and took down 503 fake crypto investment websites.

The US Department of Justice revealed on Thursday that it has frozen more than $701 million in crypto linked to investment scams targeting Americans as part of an ongoing operation. 

The US Scam Center Strike Force and its law enforcement partners targeted scam centers aimed at Americans, the US Attorney's Office for the District of Columbia said Thursday.

The cryptocurrency was "restrained" through voluntary actions by crypto exchanges and legal processes, it added. 

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