[gone.flying]

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The truth is that the DOJ has not seized these funds. Neteller is voluntarily holding these funds because the DOJ obtained a US federal warrant seizing them. But the warrant cannot be enforced in the Isle of Man. So Neteller has decided to hold the funds and cooperate with the DOJ to get the best deal for it and its founders. So its former US customers suffer and its shareholders see the value of their shares disappear.
Mr. Cohen is right. Neteller should have and could have fought the DOJ. It could have returned the money owed to its US customers despite this seizure warrant.

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I don't believe that to be true for a second - If you read the statement carefully it says
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To the best of the Group’s knowledge, it believes that the amount of funds seized by the USAO or otherwise restricted by third parties does not exceed US$ 55 million. These funds were largely in the process of being transferred from the Group to its US customers or vice versa.

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They are saying that they think about $55mil of customers' is floating around somewhere in the banking system - the funds that were in the process of being transferred as the AO pulled the plug, that 55mil is not in any kind of secure trust.