- FBI intensifies fight against crypto-related activities.
- The agency has listed the cryptocurrencies seized in the crackdown.
- Users have been warned to be wary of crypto-related scams.
The U.S. Federal Bureau of Investigation (FBI) has seized $1.7 million in crypto assets in an ongoing crackdown. A public filing recently posted by the agency shows that it has taken hold of multiple cryptocurrencies from users suspected to have flouted various federal regulations in three months.
Notable cryptocurrencies seized and recorded in the filing include Bitcoin, Ether, Dai, Monero, and Tether. The law enforcement agency also confiscated fiat currency (U.S. dollar) from bank accounts, weapons, and luxury cars, among other items believed to be connected to illegal activities in the crypto space.
More Ethereum Confiscated Than Bitcoin and Tether
Notably, the FBI seized 428.5 Ethereum from four wallets in the Eastern District of Virginia, valued at around $800,00 at the time of confiscation. By contrast, 5.12 Bitcoins were also seized in different instances and were valued at $136,893.01 during the enforcement. The filing also revealed that $310,277 in Tether was forfeited by criminal suspects during the three months.
The Agency is on the Lookout for Criminals in the Industry
The FBI has been at the forefront of deterring crimes perpetrated in the crypto industry. Earlier on August 4, the investigative body issued a public statement warning internet users against criminals posing as NFT developers and preying on the innocent.
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“Criminals either gain direct access to NFT developer social media accounts or create almost identical accounts to promote new NFT releases. Fraudulent posts often aim to create a sense of urgency, using phrases like ‘limited supply,’ and refer to the promotion as a ‘surprise’ or previously unannounced mint,” read the statement.
The agency also warned about fake crypto job offerings that force victims to commit investment fraud and lose their hard-earned money.
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