Crypto News

FBI Seizes Cryptocurrencies Worth Nearly $1.7 Million

Brace yourself for a jaw-dropping revelation as the cybercrime-busting heroes at the Federal Bureau of Investigation (FBI) put their mastery to the test from March to May 2023, yielding an astonishing haul of digital riches worth approximately $1.7 million!

The haul included a staggering $147,000 in Bitcoins, a blazing $800,000 in Ethereum (ETH), a monumental $307,000 in USDT, a jaw-dropping $469,000 in DAI, and a stealthy $20,000 in Monero. These assets were sprawled across various digital nooks and crannies, with some nestling in the wallets of none other than the famed Binance exchange.

The lion’s share of this high-stakes heist was in the Eastern District of Virginia, where the Bureau managed to reclaim over a whopping $1.2 million.

Underlining this unparalleled triumph, the FBI emphasized that this cryptocurrency crackdown was a direct outcome of breaches of federal laws.

Flashback to July: The United States authorities flexed their muscle once again by orchestrating a strategic move of a portion of the confiscated Bitcoins from the abyssal Silk Road darknet marketplace. Through a series of calculated maneuvers, government-affiliated wallets conducted a symphony of transactions, shuffling more than 9824 BTC (equivalent to around $300 million at the time of writing).

Get ready for a crypto rollercoaster as enforcement agencies display their mettle in this digital age!

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