Over $300 million in cybercrime crypto seized in anti-fraud effort
Over $300 million in cybercrime crypto seized in anti-fraud effort — Over $300 million in cybercrime crypto seized in anti-fraud effort [https://www.bleepstat
What’s new: Over $300 million in cryptocurrency linked to cybercrime has been seized through two initiatives: the T3+ Global Collaborator Program and a joint operation between the U.S. and Canada. The T3 Financial Crime Unit has frozen over $250 million in criminal assets since its launch in September 2024, while the U.S.-Canada collaboration has identified over $74.3 million in fraud losses in the past six months.
Who’s affected
Victims of various types of fraud, including romance scams, across multiple countries including Canada, the U.S., Australia, Germany, and the UK are impacted. Cybercriminals attempting to liquidate stolen assets are also targeted by these initiatives.
What to do
- Monitor cryptocurrency transactions for any suspicious activity.
- Stay informed about ongoing fraud schemes and law enforcement actions.
- Collaborate with blockchain intelligence firms if involved in cryptocurrency transactions.
