U.S. Secret Service Seizes Bahamian Bank Deltec Funds in Fraud Probe, Will Forfeit Up to $58M

U.S. authorities seized funds from Deltec, a Bahamian bank serving cryptocurrency companies, in June as part of an investigation into international money laundering, wire transfers, and bank fraud, and the U.S. Secret Service was authorized to withdraw funds from Deltec, which opened at MUFG Trust in New York on behalf of its corporate clients. Seized up to approximately $58 million in escrow accounts.