Crypto operation of $ 225 million from the US Department of Justice: "This is not just a financial story"
Doj confiscated $ 225 million, which was obtained from the Pig Butchering type crypto frauds. According to former Attorney General Deputy Phil Selden, this step sends a strong message not only to criminals but also to the victims.
US Department of Justice seized a crypto of 225 million dollars: protecting target victims
The US Department of Justice (DOJ) confiscated the $ 225 million crypto asset, which is connected to the complex crypto fraud called Pig Butchering. This step is considered a strong message not only for the fight against crime, but also for the purpose of protecting victims’ rights.
Former US Deputy Chief Public Prosecutor Phil Selden, who spoke to Coindesk, commented on the operation with the following words:
“This is a precedent.
Not criminals, victims are in the foreground
Within the scope of the operation, there is no detention or accusation to the public yet. However, according to Selden, this is a conscious choice:
“The main message here: Doj now deals with the crypto not only as a technical issue, but as a social problem that affects the life of real people.”
Matthew Galeotti, President of Doj’s new penalty unit, is known as a prosecutor experienced in organized crime. Selden emphasized that Galeotti was “someone who knows how money moves and how criminal networks work ve and that this operation was a beginning to mark his period.
A bank collapsed in Kansas, CEO became the biggest victim
At the center of the investigation is Kansas-based Heartland Tri-State Bank. In 2023, Bank CEO Shan Hanes, embezzled about $ 50 million and transferred to crypto wallets with the guidance of crypto scammers. The bank went bankrupt, and Hane was both guilty and victim.
“There is a bank around every corner in New York, San Francisco or Hong Kong. But not in Kansas, Sel said Selden, said how such frauds shook the economic structure in rural America.
What’s next?
Selden said that the accusations may come soon, but Djj focused on reclaiming crypto assets in this process.
International refund processes between possible ways or
There are strategies such as detention by pulling to the US territory.
However, according to Selden, the most important target has already been realized:
“Even this case alone was enough to show that Doj cares about the victims. Crypto crime is not abstract; real people, real cities are damaged.”
