Over $300 million in cybercrime crypto seized in anti-fraud effort
What’s new: Over $300 million in cryptocurrency linked to cybercrime has been seized through two initiatives involving law enforcement and private companies. The T3+ Global Collaborator Program, launched by the T3 Financial Crime Unit, has frozen over $250 million in criminal assets since September 2024. Additionally, a joint operation between the U.S. and Canada, utilizing blockchain intelligence from Chainalysis, has identified over $74.3 million in fraud losses, leading to further asset freezes.
Who’s affected
Victims of various fraud schemes, including romance baiting scams, across multiple countries including Canada, the U.S., Australia, Germany, and the UK are impacted. Cybercriminals attempting to liquidate stolen assets are also affected by these initiatives.
What to do
- Monitor transactions for unusual activity and report any suspected fraud to law enforcement.
- Stay informed about ongoing initiatives and best practices for securing cryptocurrency assets.
- Consider collaborating with blockchain intelligence firms for enhanced tracking and prevention of fraud.
