Justice Department Seizes Over $112M in Funds Linked to Cryptocurrency Investment Schemes

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We're very proud to have supported this significant case. It's a huge win for the FBI & demonstrates how the transparency of blockchain enables law enforcement to disrupt organized crime that can operate under the cloak of darkness in traditional finance.

Seizure warrants for six virtual currency accounts were authorized by judges in the District of Arizona, the Central District of California, and the District of Idaho.

“Transnational criminal organizations are combining confidence scams with technological savvy to swindle Americans out of their hard-earned funds,” said Assistant Attorney General Kenneth A. Polite, Jr. of the Justice Department’s Criminal Division. “These particularly vicious frauds – where scammers carefully cultivate relationships with their victims over time – have devastated families and cost individuals their life savings.

According to the FBI, the highest number of reports came from victims between the ages of 30 and 49. In these schemes, often called “Sha Zhu Pan,” a Chinese phrase that loosely translates to “pig butchering,” scammers often target their victims through social networking and online communications platforms, dating websites, and phone calls and text messages that are meant to appear to have been misdialed.

 

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Itachi Inu

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Everytime when go leveraged in Long, some systems in BINANCE go against customer selling. And reversal when you short they BUY. And taking your money. This is illegal action called ARBITRAGE.

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Binance and CZ not Trustable exchange and founder all Chinese item are for sometime not any future 👎Do not trust Chinese he is not loyal Doge like dog only always tweet doge pics but not list any doge coin Why shutdown indian investors account👎

hope the scammers from bnb chain become fugitives of the fbi 🔥💪🔥

Please help , Thousand of people from my city invest in a blockchain network ,and now they are not giving withdraw to us , first our withdraw was in binance but now it's of . We are not rich people .we take loan to invest but that was a scam and now we can't take our withdraw.

Cloak of darkness 🤣

You are the best guys

Get the bad guys. 👍

you fooled people with the sxp project, shame on you

The platforms you can trust will always find a way to balance law enforcement and user privacy 💪

Great Job cz_binance Compliance is difficult because it requires organizations to constantly monitor and update their policies and procedures to ensure that they are following the latest regulations.

SHUM

Did I read TRANSPARENCY? Satoshi is rolling in his grave

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Blockchain is very transparent, finally they started realizing that

Overwhelming amount of scammers use Binance to cash out.. I’d say you’ve hurt more than helped so far. Also, easy to sell shitcoin scams on a shitcoin casino as well..

👏👏👏

This articlee changess everything

This article changes everything

🚀🌕💪💪 $BNB Binance will hodl strong after all, let's make crypto great again $BTC

you're up next 👍

hauzenberg 😎

Good..more coins for the government to dump on us.

Niiiice work Binance ! 💪🏽

Now I want to know what pig butchering is:

No mention of binance at all.....ungrateful

Up trend

isn’t crypto a blessing in disguise. 🙌🏾 Actual transparency.

I can't even open a case against SSA (South African security service), my harassers for life!

4!!! ☠️😂

cz_binance why use the equivalent of dollars in fiat? why not the ruble or the yuan?

They should use that 112m to burn LUNC 👀🔥🔥🔥

I was scammed as well and scammer uses binance account, tried lawyers but couldn't help, can you help?

They gave 0 credit to Binance in the article smh

come on. you are going to take credit for the FBI? it's not like you'd have a choice.

Já ouviram falar na memecoin pepa_inu ? Foi lançada agora em Março e teve uma alta de 800%. Os Devs estão dando 75bnb pros 50 maiores holders, quando o Marketcap chegar a 15 milhões de dólares.

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God's will..

7

Xen0sec Let say no to crime

I could smell the fear.

Great!

strongg startt

Funny, DOJ doesn’t mention any special assistance received from any party without a court order.

Well done

Will you guys ever give POND a shout out again...?

No acknowledgment to Binance?

You're actually helping to enable organised crime and fraud against your own users, by yourselves as well as others.

Trust is very important for crypto market. So we are all ways to supporting in binance.

You are really doing great work helping authorities to identify scammers.

en büyük dolandırıcı sensin cz

No mention of Binance contributions in the article

As close followers of the binance movement it is equally a proud moment for us too! 🤝✌️👏👏👏👏

Binance only gree fast because it was pro user. Now you guys are playing the governments laws

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They’re still not gonna let you scam, bro.

Mind blowing you guys help the authorities so eagerly when you could do absolutely nothing and get thanked by having charges filed by the CTFC😂

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Great going and friends. Now, I hope they return every last penny to its rightful owners.

they got the funds from the Tron ICO?

Binance will continue to work closely with regulators and law enforcement to raise more awareness of scams including “pig butchering' cases to protect users across the globe, and to help prevent more crime.

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