Forensic Update

Reflections on information management within the legal and regulatory arena

Today’s #GoodGuysPrevail Update…

Posted by Johnny Lee on April 13, 2022

While the use of the verb “forfeit” in the headline of this story may seem confusing, it’s a GREAT turn of events. Simply put, U.S. Department of Justice, Criminal Division prosecutors in the Southern District of Florida have secured one of the largest #cryptocurrency #forfeiture actions ever filed in this country.


This story really resonates with me, as it represents a rather elegant intersection of #cyber and #crypto. The forfeiture action netted about $34M in cryptocurrency, all tied to the illegal #darkweb activity of a South Florida resident — specifically, the sale of online account credentials.

Of additional interest is the method by which this case was brought. In yet another example of inter-agency collaboration among federal, state, and local #lawenforcement, the investigators “followed the money” through a tortuous path, owing to the target’s use of cryptocurrency “tumblers”, “chain hopping”, and other (failed) #moneylaundering techniques.

Kudos to the Internal Revenue Service‘s Criminal Investigation group, the Federal Bureau of Investigation (FBI), the U.S. Department of Homeland Security, the United States Postal Service Inspection Service, and the Drug Enforcement Administration for its combined investigative efforts here.

#ruleoflaw #digitalforensics #digitalassets #assettracing #assetrecovery #forensicinvestigation #justice #karma #AisA

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