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

Odaily Planet Daily News The U.S. Department of Justice said in a memorandum that it would review a practice: that is, in cases involving fraud and theft, when digital assets are confiscated, how to compensate investors at a price lower than the current market value. 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 also pointed out that in the following years, the value of these digital assets has risen sharply. According to current U.S. bankruptcy regulations, confiscated assets should be returned to victims at the dollar value at the time of the fraud. Although this may seem unfair, experts say there are important reasons behind this rule and it may be very difficult to change it. (Unchained)