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Florida authorities have seized about $1.5 million in cryptocurrency after tracing funds from a Citrus County funding fraud case to a pockets linked to a Chinese language nationwide.
The motion adopted a court docket order obtained by the Workplace of Statewide Prosecution’s Cyber Fraud Enforcement Unit.
Legal professional Common James Uthmeier confirmed that the belongings belonged to Tu Weizhiwho now faces expenses of cash laundering, grand theft, and working an organized fraud scheme.
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In a press releaseUthmeier stated, “Whereas scammers are altering their strategies, I’m happy with our Statewide Prosecutors’ capacity to adapt and ship justice”.
The case started in July 2024, when a Citrus County resident reported shedding $47,421 after sending cash to what seemed to be a web-based funding alternative. Investigators adopted the transactions and ultimately related them to a digital pockets believed to be managed by Tu.
Somewhat than recovering solely the sufferer’s loss, prosecutors requested the court docket to authorize the seizure of the pockets’s complete contents. Officers stated the account held a number of forms of cryptocurrency, together with Avalanche
AVAX
DOGE
SOL
PEPE
$0.00000435
.
The Legal professional Common’s workplace valued the entire holdings at about $1.5 million. Tu is believed to be in China, and authorities acknowledged that he can be taken into custody if he enters the USA.
US prosecutors lately charged Ukrainian nationwide Victoria Dubranova with aiding Russian-linked hacking teams funded by means of cryptocurrency. How did the case unfold? Learn the complete story.
