News with the tag "SEIZE"

Imagine a vault filled with digital gold, but the keepers aren’t quite sure how much gold is actually inside. Sounds like a plot from a heist movie, right? But in reality, this is the situation the U.S. Marshals Service (USMS) is facing with their Bitcoin holdings. Their struggle to maintain accurat...

Law enforcement’s swift action seized $900,000 in bitcoin from a Nigerian fraud scheme, and its soaring value may fully reimburse victims of a $1 million scam. Bitcoin Boom: Law Enforcement’s Quick Move Recovers Millions for Scam Victims The U.S. Attorney’s Office for the Western District of Washing...

U.S. Government Transfers $33.6M in Seized Crypto to Anonymous Addresses On December 3, 2024, the U.S. government executed a significant transfer of $33.6 million in seized cryptocurrency assets to two anonymous blockchain addresses. The transfer included 5,024 ETH (valued at $18 million), $13 milli...

A Mississippi trucker is reportedly fighting to get his life savings back after police seized it during a traffic stop. In September of 2020, Rae Young Chung was in his truck delivering auto parts to a business in Georgia when he was pulled over by a narcotics officer. According to court documents, ...

Learn the fate of seized cryptocurrency, including how it’s stored, auctioned and redistributed after being confiscated by law enforcement.

Online reports revealed that the Chinese Government has started to move thousands of Ether (ETH) seized from a $4 billion crypto Ponzi scheme. As a result, Ethereum investors have recently shared their concerns about the possibility of a massive sell-off. Related Reading: Economists Propose Ethereum...

The Australian Federal Police said an analyst cracked the seed phrase to a crypto account belonging to the accused owner of an organized crime messaging app.

A small business run by a husband-and-wife duo is reportedly out $43,000 after police decided to seize a cash transfer sent to them through FedEx. Henry and Minh Cheng, who run a small jewelry business, are suing the state of Indiana after police showed up at a FedEx depot and seized a package sent ...

The US government has made a substantial move of nearly $600 Million with its seized digital assets. According to a recent report, blockchain data from Arkham Intelligence reveals that 10,000 bitcoins related to the infamous Silk Road case have been transferred to Coinbase Prime, the institutional a...

Irish police has seized €6.5 million ($7.1 million) in crypto from three individuals arrested in Dublin for suspected involvement in dark web crimes and money laundering. The Garda National Cyber