The U.S. Department of Justice plans to reevaluate how to return assets to victims in crypto crime cases

Odaily News The U.S. Department of Justice said in a memorandum that it would review a practice: how to compensate investors at a price lower than the current market value when digital assets were confiscated in cases involving fraud and theft. The memorandum mentioned that the Department of Justice paid attention to some famous bankruptcy cases in 2022. Although not all of these bankruptcy cases involved criminal charges, many of them caused investors to lose digital assets due to fraud and theft. In addition, the Department of Justice pointed out that the value of these digital assets has risen sharply in the following years. Under current U.S. bankruptcy regulations, confiscated assets should be returned to victims at the dollar value at the time the fraud occurred. Although this may seem unfair, experts say there are important reasons behind this rule and it may be very difficult to change it. (Unchained)