The US is tying millions of codes together and grabbing Binance ties.

The US is trying to confiscate millions of encryption from its Binance accounts, claiming wire fraud and money laundering tied to fraudulent investment schemes.

US government moves to confiscate encryption seized from Binance accounts

The US government has launched civil forfeitures against holdings of cryptocurrency seized from Binance accounts, claiming its involvement in wire fraud and money laundering. The case includes digital assets filed in US District Court for the District of Massachusetts on February 19th and confiscated last October. The complaint lists several cryptocurrencies, collectively referred to as defendant property.

7.23918814 BTC, 105.75351403 ETH, 636.11899592 Avax, 14120.995091 USDT, 2,380,467,906.17 SHIB, and 319008151.01 Pepe seized from seized from a curt curte bin curt curte 252380

According to an affidavit by Katrina P. Caulfield, a special agent for the US Secret Service, the Cryptocurrency Fund dates back to fraudulent activities, including fraudulently disguised as an investment platform named Trade Propel.

The complaint details how victims were invited through a Facebook group called the “Financial Independence Forum,” where he is convinced to invest in what appears to be a lucrative cryptocurrency trading opportunity. I did. One of the victims identified as Victim 1 used the name “Tom Sheldon Haley” to transfer 1.33 BTC based on personal guidance. Further investigations revealed that Trade Propel’s website is fraudulent, incorrectly associated with legitimate financial institutions, and flagged multiple fraud reports.

The government claims that the seized assets are revenue from wire fraud and are involved in money laundering schemes. The funds passed through various intermediary wallets before they were deposited in Binance accounts registered with Avwerosuo Omokri linked to Nigerian passport.

The forfeiture application seeks a court order to formally seize and distribute assets in accordance with federal law, citing the need to dismantle fraudulent schemes that utilize cryptocurrency platforms. The court documents stated:

The court has discovered a possible cause of the defendant’s property being confiscated.