Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
DOJ Plans to Seize $54 Million in Crypto Linked to Illegal Drug Ring

DOJ Plans to Seize $54 Million in Crypto Linked to Illegal Drug Ring

CointimeCointime2023/11/05 22:09
By:Cointime

The US Department of Justice (DOJ) has revealed its intention to seize cryptocurrency worth millions of dollars that it alleges was obtained through the sale of illegal drugs. The DOJ has filed a forfeiture action against $54m in crypto assets that it claims can be traced back to an illegal drug ring. Christopher Castelluzzo, who is currently in prison, is accused of conspiring with others to sell illegal substances between 2010 and 2015. The DOJ alleges that he converted his earnings into digital assets, including 30,000 Ether during Ethereum's initial coin offering in 2014, which the government now wants to seize.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Tornado Cash co-founder’s money laundering trial postponed to April 2025

Share link:In this post: On November 1, Judge Katherine Polk Failla rescheduled the next Storm’s trial to April 14, 2025. Storm’s defense has challenged the court’s trial postponement, going as far as filing a mandamus petition with the U.S. Court of Appeals for the Second Circuit. Roman Storm is charged with three counts: conspiracy to commit money laundering, conspiracy to commit sanctions violations, and conspiracy to operate an unlicensed money-transmitting business.

Cryptopolitan2024/11/02 15:22