SDNY Files $61 Million Crypto Forfeiture Action
- —SDNY seeks forfeiture of $61 million in crypto assets
- —Action combines civil forfeiture and sanctions enforcement tools
- —Signals tougher U.S. enforcement against crypto assets
Why it matters: Expanding U.S. forfeiture practice raises regulatory risk for holders and services tied to sanctioned addresses.
Source: Google News (crypto query)