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News Explorer — The FBI Has Confiscated $1.7 Million Worth of Cryptocurrency

Generated by AI, curated by humans


Aug 21, 1:49 pm
The Block

The FBI Has Confiscated $1.7 Million Worth of Cryptocurrency

The Federal Bureau of Investigation (FBI) has seized nearly $1.7 million worth of cryptocurrency between March and July of this year. The majority of the seizures involved ether, with tokens worth $800,000 confiscated. Florida and Virginia had the highest number of confiscated crypto assets, and stablecoins like DAI and USDT were also seized. Altcoins such as Solana and Cardano, as well as memecoins like Dogecoin, were among the confiscated assets. Most of the seizures were from Binance accounts.

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