seize cryptocurrency

US Justice Department Seizes Cryptocurrency Worth $112 Million in ‘Pig Butchering’ Crackdown

April 5, 2023 Bitcoin.com

bitcoin.com

The U.S. Department of Justice (DOJ) says it has seized cryptocurrency worth over $112 million linked to fraudulent investment schemes known as “pig butchering.” According to court documents, the seized crypto accounts were allegedly “used to launder proceeds of various cryptocurrency confidence scams,” the Justice Department said. $112 Million in Crypto Seized by DOJ The […]

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Coinbase faces new lawsuit over alleged investor deception

Norwegian Authorities Seize Crypto Worth $6M From Axie Infinity Heist With FBI’s Help

February 18, 2023 Bitcoin.com

Axie Infinity

Norwegian authorities, in collaboration with the Federal Bureau of Investigation (FBI) and the U.S. Department of Justice (DOJ), have allegedly seized about $6 million that was stolen in last year’s Axie Infinity heist. “It is the biggest crypto seizure Norwegian police have ever made,” said Norway’s Økokrim. Norway and FBI Recoup Some Stolen Funds From […]

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Coinbase faces new lawsuit over alleged investor deception

UK Proposes New Law to ‘Seize, Freeze and Recover’ Crypto Assets Easier and Faster

September 24, 2022 Bitcoin.com

bitcoin.com

The British government has presented the Economic Crime and Corporate Transparency Bill to Parliament that will “make it easier and quicker” for law enforcement agencies “to seize, freeze and recover crypto assets.” The government stressed: “We must ensure that law enforcement agencies have the right legislative framework in place to recover criminals’ crypto assets.” UK’s […]

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Coinbase faces new lawsuit over alleged investor deception

UK National Crime Agency Seizes $33 Million in Cryptocurrency

July 28, 2022 Bitcoin.com

bitcoin.com

The British National Crime Agency (NCA) has revealed that it has seized £26.894 million ($32.75 million) in cryptocurrency. “Criminals increasingly exploited financial technology and crypto assets” that could harm “the U.K.’s economy and institutions,” said the agency. NCA Seizes Crypto Worth $33 Million The British National Crime Agency (NCA) published its annual report 2021-22 this […]

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Coinbase faces new lawsuit over alleged investor deception

Dutch Authorities Seize Cryptocurrency Worth Over 25 Million Euros

November 14, 2021 Bitcoin.com

bitcoin.com

Dutch authorities have seized more than 25 million euros in cryptocurrencies, including bitcoin and ether, from dozens of suspects in criminal cases. “Cryptocurrencies are widely used as a means of payment for various types of crime,” said the Netherlands’ Public Prosecution Service. Authorities in the Netherlands Seize More Than 25 Million Euros in Cryptocurrencies, Including […]

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Coinbase faces new lawsuit over alleged investor deception

Korean Province Seizes Cryptocurrencies From 1,661 Investors for Unpaid Fines

September 20, 2021 Bitcoin.com

bitcoin.com

A South Korean province has seized cryptocurrencies worth over $5 million from 1,661 investors who were more than $12 million in arrears on their fines in total. The seizure followed an investigation of nearly 30,000 companies and individuals as well as their cryptocurrency holdings at four exchanges. Korean Province Confiscates Cryptocurrencies for Unpaid Fines The […]

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Coinbase faces new lawsuit over alleged investor deception

IRS Will Seize Cryptocurrencies From Investors to Settle Tax Debts, Official Warns

May 14, 2021 Bitcoin.com

bitcoin.com

An official of the U.S. Internal Revenue Service (IRS) has clarified that the agency is prepared to seize cryptocurrencies and sell them to satisfy tax collection if taxpayers fail to meet their tax obligations. Robert Wearing, IRS’ deputy associate chief counsel for Procedure & Administration, explained Wednesday that the agency can seize cryptocurrencies from taxpayers, […]

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Coinbase faces new lawsuit over alleged investor deception