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U.S. Authorities Restrained $1 Billion in Crypto as Scam Networks Expand

U.S. authorities have restrained more than $1 billion in cryptocurrency as overseas scam networks expand beyond Southeast Asia. The Justice Department’s Scam Center Strike Force reported restraining $1 billion in crypto, with more than $580 million in the first three months. Six defendants were charged over an alleged Madagascar scheme involving fake non-fungible token investments.

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