Civil Forfeiture Actions Against Cryptocurrency and Other Digital Assets: What Are They, and How Do They Affect You?
In recent months, the U.S. government has filed multiple large-scale civil forfeiture actions involving cryptocurrency, including a record-breaking $15 billion Bitcoin seizure in the Eastern District of New York. These cases highlight a growing enforcement trend that can have major implications for innocent investors and victims of crypto-related fraud.
Morrison Cohen Partners Michael Mix and Genny Ngai, of the firm’s Digital Assets and White Collar & Regulatory Enforcement practices, respectively, examine this rapidly evolving area in their latest Client Alert. They explain how civil forfeiture actions differ from criminal proceedings, why even innocent owners may see their assets frozen or seized, and what options exist to reclaim seized digital assets, along with other valuable insights.
Read the full Client Alert below to learn more.
Contacts
- Michael Mix Partner
- mmix@morrisoncohen.com
- Genny Ngai Partner
- gngai@morrisoncohen.com
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