US Seeks to Claim $2.4M Bitcoin Seized from Chaos Ransomware Group
Main Idea
The US government is seeking to claim $2.4 million in Bitcoin seized from the Chaos ransomware group, as part of a broader strategy to handle seized crypto assets under the proposed Strategic Bitcoin Reserve.
Key Points
1. The Northern District of Texas complaint targets 20.29 Bitcoin seized on April 15, 2025, linked to the Chaos ransomware group.
2. Recent major seizures include $225.3 million in USDT tied to scams, $31 million from the 2021 Uranium Finance hack, and $24 million from Russian national Rustam Gallyamov linked to Qakbot malware.
3. The DOJ has indicated that seized cryptocurrency assets may contribute to President Trump’s proposed Strategic Bitcoin Reserve rather than being sold.
4. Operation SpecTor targeted dark web drug markets, resulting in $270 million in cryptocurrency seizures across nine countries.
5. South Korean prosecutors recently seized $3.2 million in Ethereum and other assets from a fake crypto exchange ring.
Description
The United States has filed a civil forfeiture complaint seeking to claim over $2.4 million worth of Bitcoin seized from the Chaos ransomware group, adding to the escalating series of cryptocurrency seizures that have netted billions in digital assets from cybercriminals worldwide. The Northern District of Texas complaint targets 20.29 Bitcoin seized on April 15, 2025, from a cryptocurrency address allegedly linked to a Chaos ransomware member known as “Hors.” Today, FBI Dallas made public the s...
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