Seized Crypto

FBI Seizes $2.5M in Crypto From Thailand-Based Pig Butchering Scam Targeting Americans

July 18, 2024 Bitcoin.com

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The U.S. Attorney’s Office has launched a civil forfeiture action to reclaim cryptocurrency seized by the FBI from international fraudsters involved in “pig butchering” schemes. This initiative aims to return the stolen funds to victims and hold criminals accountable. “The rate at which bad actors are using elaborate pig-butchering scams to defraud innocent people is […]

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Bitcoin at $84K: Ten Global Events That Could Make or Break Crypto Markets

US Government to Report Seized Crypto as ‘Nonmonetary Property’

June 23, 2024 Bitcoin.com

accounting standards

The Federal Accounting Standards Advisory Board (FASAB) has clarified that seized crypto assets should be treated as “nonmonetary property” while central bank digital currencies (CBDCs) should be treated as monetary instruments. The federal authority claims that cryptocurrencies “do not typically possess all monetary characteristics,” emphasizing that they “are not effective as a unit of account, […]

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Bitcoin at $84K: Ten Global Events That Could Make or Break Crypto Markets

Man Pleads Guilty to Stealing Bitcoin ‘Seized’ by US Government

January 9, 2023 Bitcoin.com

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An Ohio man has pleaded guilty to stealing over 712 bitcoin that was “seized” by the U.S. government in another criminal case. He has agreed to forfeit some bitcoin, ether, and dogecoin as part of his plea. “Due to the increase in market prices, the total value of these forfeitable properties exceeds $12 million,” said […]

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Bitcoin at $84K: Ten Global Events That Could Make or Break Crypto Markets

Cryptocurrency Worth $435 Million Seized by 12 UK Police Forces in Five Years

January 8, 2022 Bitcoin.com

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U.K. police have revealed how much cryptocurrency they have seized in the past five years in response to Freedom of Information requests. The London Metropolitan Police seized more bitcoins than other police boroughs. UK Police Reveal Information About Seized Crypto Twelve of the U.K.’s 43 police forces have seized cryptocurrency worth approximately £322 million ($435 […]

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Bitcoin at $84K: Ten Global Events That Could Make or Break Crypto Markets

German Prosecutors Hire Local Bank to ‘Clean’ Seized Crypto Worth $113 Million

December 24, 2021 Bitcoin.com

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German prosecutors have hired a bank to “clean” cryptocurrency seized in criminal cases. “As the cryptocurrencies are related to crime, they are considered ‘contaminated coins’ and cannot be traded on mainstream exchanges,” the bank said. Bank Hired to Clean Cryptocurrency Seized in Criminal Cases The anti-cybercrime unit of the Frankfurt General Prosecutor in the German […]

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Bitcoin at $84K: Ten Global Events That Could Make or Break Crypto Markets

DOJ Selling Cryptocurrency Seized From Bitconnect Worth $56 Million

November 16, 2021 Bitcoin.com

bitcoin.com

The U.S. Department of Justice (DOJ) is selling cryptocurrency worth $56 million that was seized from the “number one promoter” of Bitconnect, the largest crypto fraud scheme ever charged criminally. Investors were fraudulently induced to invest over $2 billion. The Bitconnect promoter faces a maximum penalty of 20 years in prison. US Selling Crypto Worth […]

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Bitcoin at $84K: Ten Global Events That Could Make or Break Crypto Markets

Finland Looking for Brokers to Sell Seized Bitcoins Worth $80 Million

July 30, 2021 Bitcoin.com

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Finland’s customs authority is looking for brokers to sell 1,981 bitcoins seized in drug cases. The coins are currently worth nearly $80 million. Finland’s customs authority announced Thursday that it is seeking brokers to sell 1,981 bitcoins seized in drug busts, Bloomberg reported, noting that the coins were forfeited to the state by court order. […]

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Bitcoin at $84K: Ten Global Events That Could Make or Break Crypto Markets