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U.S. authorities have seized and filed a forfeiture action to recover over $54 million in cryptocurrency linked to a New Jersey drug distribution scheme. Convicted drug – The U.S. Attorney’s Office filed a civil forfeiture action today to recover $54 million of cryptocurrency that it previously seized and is traceable to the proceeds of an illegal Federal law enforcement has seized $54 million worth of cryptocurrencies from the leader of a notorious New Jersey drug ring, U.S. Attorney Philip R. Sellinger said Thursday in a statement. The U.S. Attorney’s Office is attempting to recover $54 million in cryptocurrency from Christopher Castelluzzo, a former Lake Hopatcong resident who is The U.S. Attorney’s Office is aiming to recover $54 million of crypto in Ethereum from Christopher Castelluzzo, a convicted drug distributor. On Nov. 2, U.S. Attorney New Jersey’s U.S. Attorney’s Office has filed a civil forfeiture action against Christopher Castelluzzo and two other members of an unnamed drug trafficking group based Federal law enforcement has seized $54 million worth of cryptocurrencies from the leader of a notorious New Jersey drug ring, U.S. Attorney Philip R. Sellinger said The US Attorney's Office seeks to recover $54M in crypto, primarily Ethereum, linked to a New Jersey narcotics ring. A convicted drug dealer used drug proceeds

$54 Million in Crypto Seized from New Jersey Drug Ring Leader: U.S. Attorney Announces Forfeiture Action

Federal law enforcement has seized $54 million worth of cryptocurrencies from the leader of a notorious New Jersey drug ring, U.S. Attorney Philip R. Sellinger said Thursday in a statement. The U.S. Attorney’s Office filed a civil forfeiture action today to recover $54 million of cryptocurrency that it previously seized and is traceable to the proceeds of an illegal drug distribution scheme.

U.S. Authorities Target $54 Million in Ethereum

The US Attorney's Office seeks to recover $54M in crypto, primarily Ethereum, linked to a New Jersey narcotics ring. This forfeiture action targets Christopher Castelluzzo, a convicted drug distributor, and two other members of an unnamed drug trafficking group based in New Jersey. The U.S. Attorney’s Office is attempting to recover $54 million in cryptocurrency from Christopher Castelluzzo, a former Lake Hopatcong resident.

Convicted Drug Dealer Used Drug Proceeds to Acquire Crypto

A convicted drug dealer used drug proceeds to amass a significant amount of cryptocurrency. New Jersey’s U.S. Attorney’s Office has filed a civil forfeiture action against Christopher Castelluzzo and two other members of an unnamed drug trafficking group. The U.S. Attorney’s Office is aiming to recover $54 million of crypto in Ethereum from Christopher Castelluzzo.

Details of the $54 Million Crypto Seizure

U.S. authorities have seized and filed a forfeiture action to recover over $54 million in cryptocurrency linked to a New Jersey drug distribution scheme. On Nov. 2, U.S. Attorney Sellinger announced the effort to recover $54 million seized, highlighting that Federal law enforcement has seized $54 million worth of cryptocurrencies.

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