FBI seizes almost M of crypto assets in three months
FBI seizes almost M of crypto assets in three months

According to a public document released by the FBI, law enforcement agencies seized approximately $1.7 million worth of digital assets from March to May.

According to the documents, the FBI seized $147,000 in Bitcoin (BTC), $800,000 in Ether (ETH), $307,000 in Tether (USDT), $469,000 in Dai (DAI) and $20,000 in Monero (XMR). These assets were confiscated from multiple sources, including Binance exchange wallets.

Excerpt from FBI document released on August 16, 2023. Source: FBI

In the Eastern District of Virginia, the agency seized a total of 428.5 ETH, the largest amount ever seized. One of the seizures was worth about $463,000 in ether.

In the filing, the FBI also highlighted that the assets were seized as a result of various violations of federal regulations. The FBI wrote:

“The Federal Bureau of Investigation (FBI) has issued notice that the following property has been federally seized for violation of federal law.”

In addition to cryptocurrencies, the FBI also listed various items seized, including dollars in bank accounts, sports cars, luxury bags, clothing and shoes.

related: FBI raided Kraken co-founder’s home in March: report

Meanwhile, the U.S. Federal Bureau of Investigation (FBI) has been continuously alerting the crypto community to be wary of scammers posing as legitimate people in the non-fungible token (NFT) space. On Aug. 6, the FBI warned that account hijackers use victims to create a “sense of urgency” and direct them to fake websites to steal their assets. Criminals either hacked into official social accounts or created new ones similar to official ones to commit theft and fraud, the FBI said.

In addition to phishing scams and social media hijacking, the FBI also warned about fake cryptocurrency job ads earlier this year. On May 23, the agency stated that U.S. citizens should be wary of false job advertisements related to job trafficking, where victims are forced to engage in cryptocurrency investment fraud.

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