A New Report Reveals FBI’s Confiscation of $2 Million in Cryptocurrencies
According to a recently released report by the US FBI, the agency has seized nearly $2 million in cryptocurrencies between March and May 2023. The FBI’s efforts to combat illicit activities involved the seizure of various crypto assets, including Bitcoin, Ether, Tether, Monero, and Dai. The majority of the confiscations were in ether, totaling $800,000, followed by $147,000 in Bitcoin, $307,000 in Tether, $469,000 in Dai, and $20,000 in Monero. Surprisingly, even $200 worth of Dogecoin was seized.
Key Points:
– The FBI confiscated around $1.7 million in cryptocurrencies during the specified period.
– Most of the seizures were in ether, with tokens worth $800,000 being confiscated.
– Binance accounts were the primary source of the confiscated assets.
– The largest confiscation of $463,811 in ether took place in the Eastern District of Virginia.
– The FBI conducted seizures in multiple states, including Arizona, California, Connecticut, Georgia, and more.
The FBI’s actions were prompted by violations of federal regulations. Their crackdown on digital assets used in illicit activities has been ongoing, with previous confiscations made in February and March. It is important to note that this article is for informational purposes only and should not be considered legal, tax, investment, financial, or other advice.
Hot Take: The FBI’s continued efforts to seize cryptocurrencies used in illegal activities demonstrate the agency’s commitment to maintaining law and order in the digital realm. These actions not only contribute to the prevention of illicit activities but also serve as a reminder to individuals involved in such activities that they are not beyond the reach of law enforcement.
By
By
By
By
By
By