U.S. Seizes $125,000 in Cryptocurrency Funds Linked to Nigerian Fraudsters

A U.S. District Court has ordered the forfeiture of $125,000 worth of cryptocurrency funds linked to three Nigerians who were convicted of a 2021 crypto scam targeting an American victim. The seizure stems from a coordinated investigation by the FBI that traced the funds to Binance accounts belonging to the suspects. The U.S government has successfully moved to have these assets forfeited, as attempts to contact the suspects regarding the forfeiture proceedings were unsuccessful.