What the DOJ's Massive Crypto Seizures Mean for the Industry

Source: CryptoNewsNet Original Title: Crypto Long & Short: What the DOJ’s Massive Crypto Seizures Mean for the Industry Original Link:

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Over the past six months, the U.S. Department of Justice has announced a series of massive cryptocurrency seizures. Most notably, in October federal prosecutors seized approximately $15 billion worth of bitcoin, more than three times the value of the assets that the Department recovered in connection with the Bernie Madoff fraud. And the DOJ’s aggressive pursuit of crypto seizures shows little sign of slowing. Just last month, the Department announced the creation of a “Scam Center Strike Force” to target what the government termed a “growing epidemic” of cryptocurrency-related fraud schemes costing Americans nearly $10 billion each year. Already, prosecutors in the Strike Force have seized over $400 million in crypto.