The US Department of Justice is set to liquidate $56 million in fraud proceeds of a cryptoasset project named BitConnect, where investors were fraudulently induced to invest over $2bn. This is the largest seizure of cryptoassets by US authorities, and the proceeds of the sale will be used to provide restitution of the victims.

https://www.justice.gov/opa/pr/56-million-seized-cryptocurrency-being-sold-first-step-compensate-victims-bitconnect-fraud

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