A prominent US law enforcement agency, the FBI, has successfully seized nearly $1.7 million worth of cryptocurrencies during a comprehensive three-month operation from March to May, aimed at curbing unlawful activities.
The confiscated digital assets comprise a variety of cryptocurrencies, including Bitcoin, Ether, Tether, Monero, and Dai. These funds were traced back to different sources and locations, including accounts held on the Binance exchange.
In the Eastern District of Virginia, authorities have successfully confiscated a record-breaking sum of 428.5 ETH, marking the largest seizure to date. Among these Ether seizures, one alone held a value of approximately $463,000.
The FBI’s decisive action has been prompted by violations of government regulations associated with these digital assets. The agency’s intervention aims to eliminate these assets due to their suspected involvement in illicit activities.
Furthermore, the FBI has issued a warning regarding digital currency scams, advising caution against impersonators of digital art personalities and fraudulent job offers aimed at illicitly obtaining digital assets.
Also Read: FBI Warns of Crypto Job Scam Exploiting labor trafficking
This operation underscores the FBI’s commitment to combating cybercrime and illicit financial activities in the evolving landscape of digital currencies.
