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 property belonged to Tu Weizhi, who now faces fees of cash laundering, grand theft, and operating an organized fraud scheme.
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In an announcement, Uthmeier stated, “Whereas scammers are altering their strategies, I’m happy with our Statewide Prosecutors’ means 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 gave the impression to be a web based funding alternative. Investigators adopted the transactions and finally linked them to a digital pockets believed to be managed by Tu.
Fairly than recovering solely the sufferer’s loss, prosecutors requested the court docket to authorize the seizure of the pockets’s whole contents. Officers stated the account held a number of kinds of cryptocurrency, together with Avalanche
$13.43
, Dogecoin
$0.1385
, Solana
$133.70
, and Pepe
$0.00000441
.
The Legal professional Common’s workplace valued the full 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 US.
US prosecutors not too long ago charged Ukrainian nationwide Victoria Dubranova with aiding Russian-linked hacking teams funded by way of cryptocurrency. How did the case unfold? Learn the complete story.
