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US authorities are returning over $ 150,000,000 in misappropriated Bitcoins to technology group Sony

The U.S. Department of Justice (DOJ) cracks down on criminals who try Cryptocurrencies to use to hide their illegal profits.
In a new press release, the US Attorney’s Office of Southern California announced that it would return over $ 150 million in funds stolen from Japanese electronics giant Sony by an employee named Rei Ishii.

As part of an international effort, the Federal Bureau of Investigation (FBI) found that Mr. Ishii was embezzling the money for the first time while Sony was processing an inter-account transfer.

Ishii transferred the money to a bank account he controlled in La Jolla, California, then converted it to 3,879 Bitcoin around and sent the BTC to a Cold Wallet.

Last summer, the FBI worked closely with Sony and Citibank, as well as Japanese law enforcement agencies, to investigate the matter. They managed to get the cold wallet’s private key and then recover its contents.

Acting U.S. Attorney Randy Grossman said the stolen funds will be returned and also issued a stern warning to those who were about to use the cryptocurrency’s promise of anonymity to steal.

He said,

“Criminals should take note: You cannot rely on cryptocurrencies to hide your ill-gotten gains from law enforcement agencies.

The United States is coordinating extensively with its international partners to prevent crime and recover stolen funds. “

FBI special agent in charge, Suzanne Turner added:

“The FBI’s technical expertise was able to trace the money back to the subject’s crypto wallet and seize those funds.”

A number of domestic authorities coordinated the investigation, including the DOJ’s Money Laundering and Asset Recovery Department and the Department of Justice’s International Affairs Bureau.

Ishii is charged in Japan. At the time of this writing, Bitcoin is priced at $ 48,690, meaning its illegal loot is now worth over $ 188 million.

Read the entire press release here.
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Source: Crypto News Deutsch

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