Coinbase: Plays a

According to Foresight News, Coinbase said it played a "critical role" in assisting the U.S. Secret Service in seizing $225 million worth of "stolen" cryptocurrency, which dates back to 2023. It helps track the on-chain flow of stolen funds and identify victims who are eligible for compensation.

Foresight News Previous news, according to CoinDesk, a complaint filed by the U.S. Department of Justice shows that Shan Hanes, former CEO of Heartland Tri-State Bank, embezzled $47.1 million in 2023, causing the bank to go bankrupt and remit most of the funds to scammers who promised cryptocurrency wealth. DOJ traces the total transaction volume of $225 million “money laundering” and $3 billion in connection with the Manila scam network, involving 237 OKX accounts and 434 victims. Shan Hanes is identified as one of the biggest victims of the network, and the cryptocurrency seized by DOJ may be added to the federal digital asset reserves ordered by President Trump.

Disclaimer: The views in this article only represent the author's personal views and do not constitute investment advice of this platform. This platform does not make any guarantees for the accuracy, completeness, originality and timeliness of article information, nor is it liable for any losses caused by the use or trust in article information.