In what the U.S. Department of Justice called one of the largest seizures in history, over $225 million in cryptocurrency was linked to a global investment fraud network.
- The Scam: This involved a massive money-laundering network that processed proceeds from hundreds of “pig butchering” scams worldwide.
- The Recovery: The U.S. Secret Service and DOJ used advanced blockchain analysis to map out the entire network of addresses. By targeting the “consolidation hubs” where the scammers gathered their loot, they were able to seize the funds in bulk. A remission fund (the Roger Knox Remission Fund) was later used to distribute millions of these forfeited dollars back to the original victims.