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A public document issued by the United States Federal Bureau of Investigation (FBI) indicates that the law enforcement agency confiscated approximately $1.7 million in digital assets from March to May.
As per the filing, the FBI seized $147,000 in Bitcoin (BTC), $800,000 in Ether (ETH), $307,000 in Tether (USDT), $469,000 in Dai (DAI), and $20,000 in Monero (XMR). These assets were taken from various sources, including wallets associated with the Binance exchange.
An excerpt from the FBI filing released on Aug. 16, 2023. Source: FBI
In the Eastern District of Virginia, the agency confiscated a total of 428.5 ETH, marking the largest amount seized to date. One of the Ether seizures was valued at approximately $463,000.
Within the filing, the FBI also noted that the asset seizures were a consequence of various violations of federal regulations. The FBI stated:
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“The Federal Bureau of Investigation (FBI) gives notice that the property listed below was seized for federal forfeiture for violation of federal law.”
In addition to cryptocurrencies, the FBI also enumerated the seizure of various items, including U.S. dollars from bank accounts, sports cars, luxury handbags, clothing, and footwear.
Related: FBI searched Kraken co-founder’s home in March: Report
Meanwhile, the FBI has been consistently alerting the crypto community about scammers impersonating legitimate individuals within the nonfungible token (NFT) sector. On Aug. 6, the FBI issued a warning regarding account hijackers who exploit victims by creating a “sense of urgency” and directing them to fraudulent websites that steal their assets. The FBI reported that criminals either compromise official social accounts or establish new ones that closely resemble official accounts to carry out theft and fraud.
In addition to phishing scams and social media hijacking, the FBI also cautioned against fake crypto job postings earlier this year. On May 23, the agency advised U.S. citizens to be vigilant regarding deceptive job advertisements related to job trafficking, where victims are coerced into participating in crypto investment fraud.
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