Altcoins News
By Jean-Luc Maracon
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French authorities have apprehended a man suspected of stealing $46 million in cryptocurrencies from the US government.
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During the operation, the gendarmerie seized a briefcase full of cash, USB keys, and several digital wallets.
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The FBI reported the funds missing after a sophisticated attack on a government digital platform. American investigators quickly realized the case extended beyond their borders.
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The Paris prosecutor confirmed the investigation is likely to take several months. Essentially, investigators are examining thousands of lines of code and transactions to…
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And it's not over yet. Related coverage: Reform UK Raises £12 Million in.
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American prosecutors from the federal office in New York have already prepared a detailed indictment, dated March 4.
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Extradition to the United States will depend on ongoing judicial proceedings in France. The suspect faces serious federal charges across the Atlantic.
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This case highlights the challenges posed by the use of cryptocurrencies in criminal activities.
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Authorities have not yet determined the full extent of the suspect's illegal activities. But they continue to scrutinize his past transactions to identify any accomplices.
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No other official statements are expected before the hearing. The media are invited to closely follow developments.
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The initial attack on the US government platform dates back to September 2025, according to sources close to the case.
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The French Riviera has been attracting more and more wealthy cybercriminals since 2024. Monaco and Nice are among the preferred destinations for laundering digital money.
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