US Authorities to Return Over $500,000 Worth of Bitcoin to a Conned Elderly Person

US Attorney Dena J. King announced that law enforcement seized $547,000 worth of bitcoin from a criminal who conned an elderly person last year. The officials will return all funds to the victim.
Cracking Down a Crypto Scam
In its latest efforts to fight fraudulent activities involving cryptocurrencies, American officials confiscated more than $500,000 in bitcoin from a criminal. The latter drained the funds from an elderly Ashville resident last year, as the sum represented his retirement savings.
According to a recent announcement by the United States Department of Justice, the scammer deceived the victim that his personal data had been used to facilitate illicit operations such as drug trafficking and money laundering. The fraudster, who identified himself as Agent James Hoffman, told the man to deposit funds into a “secure” government account to protect himself.
Later on, the criminal advised the victim to purchase bitcoin through Coinbase’s application and transfer the crypt

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