Key Takeaways:
Authorities seized $7.1 million from cryptocurrency wallets connected to the fraud scheme.Nearly $100 million moved through 19 accounts on eight cryptocurrency exchanges and 81 bank accounts.Digital assets were purchased through Gemini, Bitstamp, and Coinbase before transfers reached Binance.Prosecutors stated:
Seized Crypto Assets Highlight Path Toward Victim Recovery EffortsVictims face a restitution process still moving through court, with prosecutors seeking $24,707,031. One victim traveled from the United Kingdom to attend sentencing and confront Auyeung. The court cited the scale of the conduct while imposing the five-year prison term.
Auyeung’s financial exposure extends beyond imprisonment. He forfeited about $2.3 million in funds and cash seized from bank accounts and his home, along with an Audi SQ8. He also agreed to relinquish roughly $300,000 in bank funds toward restitution.
The DOJ stated:
Prosecutors also alleged Auyeung continued communicating with co-conspirators after indictment and arrest. From August 2024 through December 2025, he accepted another $400,000 in commissions routed through accounts in his wife’s name, according to the government.
