News with the tag "seized crypto"

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...

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...

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

The U.S. Attorney’s Office has launched a civil forfeiture action to reclaim cryptocurrency seized by the FBI from international fraudsters involved in “pig butchering” schemes. This initiative aims to return the stolen funds to victims and hold criminals accountable. “The rate at which bad actors a...

The Federal Accounting Standards Advisory Board (FASAB) has clarified that seized crypto assets should be treated as “nonmonetary property” while central bank digital currencies (CBDCs) should be treated as monetary instruments. The federal authority claims that cryptocurrencies “do not typically po...

Police in Germany have provisionally seized 50,000 bitcoin worth $2.17 billion in what it is calling its largest seizure to date.

The U.S. Department of Justice (DOJ) has seized $9 million worth of the USDT stablecoin linked to organizations that exploited victims through "pig butchering" scams.

India's Central Bureau of Investigation (CBI), the premier investigating police agency in the nation, has appointed digital asset custodian Liminal to manage seized digital assets.

Israel's government has seized millions of dollars in cryptocurrency from accounts linked to the Iranian military and the Iran-backed Hezbollah militant group in Lebanon.