U.S. Department of Justice Asset Forfeiture Update

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Two Estonian Nationals Plead Guilty in $577M Cryptocurrency Fraud Scheme

02/13/2025 07:00 AM EST

Two Estonian nationals pleaded guilty yesterday for their operation of a massive, multi-faceted cryptocurrency Ponzi scheme that victimized hundreds of thousands of people from across the world, including in the United States. As part of the defendants' guilty pleas, they agreed to forfeit assets valued over $400 million obtained during the conspiracy.

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