FBI recently reported that between March and July of this year, the agency had seized cryptocurrencies worth over $1.7 million owing to violations of federal law.
The FBI's Continued Attempts To Target Suspected Illegal Activity Inside The Digital Asset Ecosystem
The Federal Bureau of Investigation (FBI) recently reported that between March and July of this year, the agency had seized cryptocurrencies worth over $1.7 million owing to violations of federal law. According to the notice, the FBI had taken these assets for federal forfeiture purposes.
The majority of the seized money, or about $800,000, was in the form of Ethereum (ETH). The Eastern District of Virginia saw the largest seizure, as $463,811 worth of ETH was seized. Out of all the states in the United States, Florida and Virginia had the most crypto assets seized.
Stablecoins were also included in the confiscated assets; in one case, DAI worth $469,000 was seized in the Eastern District of Virginia. There were eight occurrences of USDT (Tether) seizures documented, however there were none for USDC (USD Coin).
The FBI's seizure included other cryptocurrencies as well, such as $147,000 worth of Bitcoin and $20,000 worth of Monero. Additional tokens like Solana and Cardano were also among the listed confiscated assets.
It's interesting to note that meme-based cryptocurrencies, including $200 worth of Dogecoin, made it into the seized collection. The FBI's continued attempts to target suspected illegal activity inside the digital asset ecosystem are reflected in the collection of numerous cryptocurrencies.
