Florida Authorities Seize Approximately $1.5 Million in Fraud-Related Cryptocurrency Tied to Chinese Suspect

BlockBeats News, December 12th, according to Decrypt, the Florida prosecutor announced a successful seizure of about $1.5 million in a fraud-related cryptocurrency case involving a Chinese suspect, Tu Weizhi. In July 2024, a resident of Orange County reported a $47,000 investment fraud loss. Investigators traced the funds and found a wallet involved in the case containing various cryptocurrencies such as AVAX, DOGE, PEPE, and SOL. Florida Attorney General James Uthmeier stated that authorities used Florida's fugitive disentitlement framework to seize the assets. The suspect is currently in China and will be arrested if attempting to enter the United States.