China Seizes $4B in Cryptocurrency from Scammers

Governments can still pursue cybercriminals and fraudsters who use cryptocurrency. China authorities have seized over 4 billion dollars worth of Bitcoin, Ethereum, and several other cryptocurrencies as part of a crackdown on the PlusToken scheme that defrauded over 2 million people. This seizure has been approved by the courts after the ringleaders were convicted of Ponzi-type fraud.