Guernsey Seizes $11.4 Million Linked to OneCoin Scam
Guernsey authorities have seized $11.4 million in assets associated with OneCoin, a significant cryptocurrency scam. According to NS3.AI, this action follows a court ruling based on updated overseas forfeiture laws from 2024, targeting funds in an offshore account. Despite this recovery, most of the lost funds remain unrecovered due to the complexities involved in tracing illicit crypto assets and the use of privacy-enhancing techniques by fraudsters.
Source: CoinLive The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments