FBI Seizes Nearly $2 Million in Crypto Between March and May 2023

The Federal Bureau of Investigation (FBI) announced the seizure of approximately $1.7 million worth of crypto assets from March to May in the United States. to combat illegal activities

Law enforcement has seized $147,000 worth of Bitcoin (BTC), $800,000 in Ether (ETH), $307,000 in Tether (USDT), 469,000 in Dai, and $20,000 in Monero (XMR) across Arizona, California, Connecticut, Florida, Georgia, Illinois, Louisiana, Massachusetts, Michigan, Minnesota, Nebraska, New Hampshire, New Jersey, New Mexico, New York, Ohio, Oklahoma, and Pennsylvania. including other states

followdocumentOfficially, the FBI seized a total of 428.5 ETH in Eastern Virginia. Valued at about $463,000, it was the largest so far.

In addition to digital assets, the FBI also seized US dollars from bank accounts, sports cars, and luxury items such as bags, clothes, shoes, etc.

The FBI has consistently issued warnings against fraudsters in the crypto space and has also raided the homes of many well-known industry players. It previously raided the residence of Kraken founder Jesse Powell in July.

refer : cryptopotato

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