Crypto Forfeiture DOJ Targets 23 Million

DOJ Seeks Forfeiture of $23 Million in Crypto After Gotbit Guilty Plea

• The DOJ is pursuing civil forfeiture of approximately $23 million in digital assets.
• Gotbit is implicated in crypto market manipulation activities.
• The scheme involved fake trading bots and manipulated token prices.
• The DOJ announced its actions on March 27.

The U.S. Department of Justice is targeting Gotbit for its role in manipulating digital markets, seeking to seize around $23 million in cryptocurrencies as part of a broader crackdown on fraudulent practices.