• The FBI has seized $1.7 million in cryptocurrencies, including Bitcoin, Ether, Dai, Monero and Tether from users suspected of violating federal regulations.
• The agency also confiscated fiat currency (U.S. dollar), weapons and luxury cars from bank accounts believed to be linked to illegal activities in the crypto space.
• The FBI has issued a warning against criminals posing as NFT developers and fake crypto job offerings that can lead to investment fraud.
FBI Seizes Millions in Crypto
The U.S. Federal Bureau of Investigation (FBI) has seized $1.7 million in cryptocurrencies from users suspected of violating various federal regulations over the course of three months. Notable cryptocurrencies seized and recorded include Bitcoin, Ether, Dai, Monero and Tether, as well as fiat currency (U.S. dollar) from bank accounts, weapons and luxury cars connected to illegal activities in the crypto space.
Noteworthy Cryptos Seized
The FBI listed 428.5 Ethereum taken from four wallets in the Eastern District of Virginia with an approximate value of $800,00 at the time of confiscation; 5.12 Bitcoins valued at $136,893; and $310,277 worth of Tether was forfeited by criminal suspects during this period too .
Beware Crypto-related Scams
The law enforcement agency recently issued a public statement warning internet users against criminals posing as NFT developers who promote ‘limited supply’ NFTs on social media with phrases like ‘surprise’ or previously unannounced mints.. It also warned about fake crypto job offerings that can lead unsuspecting victims into committing investment frauds resulting in them losing their money .
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