{"id":8533,"date":"2022-11-14T07:42:57","date_gmt":"2022-11-14T07:42:57","guid":{"rendered":"http:\/\/cryptoheretostay.com\/?p=8533"},"modified":"2022-11-14T07:42:58","modified_gmt":"2022-11-14T07:42:58","slug":"manhattan-district-attorney-freezes-1-3-million-in-crypto-seeks-to-return-funds-to-fraud-victims","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=8533","title":{"rendered":"Manhattan District Attorney Freezes $1.3 Million in Crypto \u2014 Seeks to Return Funds to Fraud Victims"},"content":{"rendered":"<p> <script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<\/p>\n<p><strong>Manhattan District Attorney (DA)\u2019s Office has frozen more than $1.3 million in cryptocurrency \u201cduring fraud investigations conducted over the past ten months.\u201d The authority said: \u201cWe are returning that money to the victims of these schemes \u2014 while raising awareness to prevent future fraud.\u201d<\/strong><\/p>\n<h2>$1.3 Million in Cryptocurrency Frozen<\/h2>\n<p>Manhattan District Attorney (DA) Alvin Bragg announced Thursday that his office has \u201cfrozen more than $1.3 million in cryptocurrency during fraud investigations conducted over the past ten months.\u201d<\/p>\n<p>Bragg detailed, \u201cUsing our blockchain analysis expertise, our investigators, prosecutors, and specialized cryptocurrency analysts were able to locate and freeze more than $1.3 million of stolen cryptocurrency in the past 10 months alone,\u201d elaborating:<\/p>\n<p>While many of these cyberthieves are overseas and currently out of our reach, the cryptocurrency they stole is not. We are returning that money to the victims of these schemes \u2014 while raising awareness to prevent future fraud.<\/p>\n<p>The announcement adds that cryptocurrency worth $200,000 was seized and is now held in the DA\u2019s accounts.<\/p>\n<p>The Manhattan District Attorney\u2019s Office explained that crypto scams involving romance, bitcoin ATMs, imposters, remote desktop downloads, and fake account balance screenshots have become increasingly popular.<\/p>\n<p>A trending scam involving cryptocurrency that has duped many investors worldwide is called \u201cpig butchering.\u201d In recent months, several U.S. authorities have warned about the rising popularity of this type of scam.<\/p>\n<p><em><strong>What do you think about the Manhattan DA\u2019s Office freezing cryptocurrency with a plan to return funds to fraud victims? Let us know in the comments section below.<\/strong><\/em><\/p>\n<p>Kevin Helms <\/p>\n<p class=\"article__body__author__info__about\">\nA student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.<\/p>\n<p><i class=\"td-icon-font td-icon-mail-1\"\/><\/p>\n<p class=\"images_credits\"><em>Image Credits: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n<p><strong>Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<p>More Popular NewsIn Case You Missed It<\/p>\n<p><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/news.bitcoin.com\/manhattan-district-attorney-freezes-1-3-million-in-crypto-seeks-to-return-funds-to-fraud-victims\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Manhattan District Attorney (DA)\u2019s Office has frozen more than $1.3 million in cryptocurrency \u201cduring fraud investigations conducted over the past ten months.\u201d The authority said: \u201cWe are returning that money to the victims of these schemes \u2014 while raising awareness to prevent future fraud.\u201d $1.3 Million in Cryptocurrency Frozen Manhattan District Attorney (DA) Alvin Bragg [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8534,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[1],"tags":[],"class_list":["post-8533","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-updates"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/8533","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8533"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/8533\/revisions"}],"predecessor-version":[{"id":8535,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/8533\/revisions\/8535"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/8534"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8533"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8533"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8533"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}