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US Seizes 94,636 Bitcoin From 2016 Bitfinex Hack in ‘Largest Crypto Seizure to Date’ — 2 People Arrested
8.2.2022
The U.S. Department of Justice (DOJ) has announced the seizure of 94,636 bitcoins directly linked to the 2016 hack of the cryptocurrency exchange Bitfinex. This is the DOJ’s “largest cryptocurrency seizure to date.” In addition, two people have been arrested in connection with...
Prosecutor General’s Office Wants to See ‘Cryptocurrency’ in Russian Law
10.12.2021
The Prosecutor General’s Office of the Russian Federation has insisted that the term “cryptocurrency” should be added to the country’s legislation. The move would allow authorities in Moscow to confiscate digital assets that have been involved in criminal activities....
IRS Expects to Seize Billions of Dollars in Cryptocurrency Next Year — More Than $3.5 Billion in Crypto Seized This Year
22.11.2021
The Internal Revenue Service (IRS) has revealed that $3.5 billion in crypto was seized during the fiscal year 2021. This represents 93% of all funds seized by its criminal investigation unit during the same time period. The agency expects to seize billions of dollars more in cryptocurrency next...
Onecoin Victims Petition Bulgaria for Seizure of Assets and Compensation
19.11.2021
A lawyer representing investors defrauded by the notorious crypto scam Onecoin has urged authorities in Bulgaria to act on the case, claiming that the “world’s largest pyramid scheme” is still operating from the country. In a petition with the Bulgarian Constitutional...
Russia Fails to Act on Request to Help Freeze Millions in Crypto Withdrawn From Wex Wallet
14.11.2021
The Russian Ministry of Interior has rejected a request filed by clients of Wex to do its part in the blocking of crypto funds removed from a wallet controlled by the now-defunct crypto exchange. Over 10,000 ETH have been recently withdrawn from the wallet and transferred to other platforms....
Venezuelan Court Rolls Back Seizure of More Than 1,000 Bitcoin Miners
10.11.2021
A Venezuelan court in the capital of the country has rolled back a seizure of more than 1,000 Bitcoin miners due to irregularities that occurred during the confiscation. According to court documents, the equipment that was seized was in the custody of a third-party company that was doing...
Venezuelan Authorities Seize More Than 100 Miners From Clandestine Bitcoin Mining Operation
1.11.2021
Venezuelan authorities seized over a hundred mining machines in a residential area of a central state. According to reports, the mining farm was operating illegally without permits that the national cryptocurrency watchdog, Sunacrip, requires for these operations. The seizure was led by...
International Operation Dark Huntor Seizes $31.6 Million in Cash and Cryptocurrencies, 150 Arrested
28.10.2021
Operation Dark Huntor, a coordinated international effort on three continents to disrupt opioid trafficking on the darknet, has led to the arrests of 150 people. According to the Federal Bureau of Investigation (FBI), the operation has also resulted in the seizure of over $31.6 million in cash...
Colombian Government Might Take Unused Funds From Bank Accounts Inactive for a Year
26.10.2021
The budget law for the next year, which was recently approved by the Colombian representative’s chamber, includes a controversial article that allows the state to confiscate a bank customer’s funds to be used for budgetary purposes. Under certain circumstances defined by the...
New Australian ransomware plan allows for seizure of crypto
13.10.2021
Australian authorities will be able to seize or freeze cryptocurrencies linked to cybercrime under new legislation
US Government Seizes Trezor Wallet With $6.3 Million in Bitcoin From Gift Card Fraud Case
27.9.2021
On September 22, 2021, a U.S. district judge from San Antonio, Texas, granted a summary judgment on the civil forfeiture of 147 bitcoin worth $6.3 million held on a Trezor hardware wallet. According to the court filing, the crypto assets stemmed from a Target gift card fraud incident that started...
Abkhazia Seizes 6,000 Mining Devices but Fails to Disrupt Crypto Mining
26.9.2021
Authorities in Abkhazia have confiscated thousands of mining machines, closing down all large crypto farms, yet they have admittedly failed to put an end to illegal mining operations. The breakaway republic of Georgia has been struggling with power shortages blamed on underground miners. 30,000...
Court Extends Detention of Finiko Pyramid Founder Doronin and His Right-Hand Man
25.9.2021
A court in Tatarstan has extended the detention of Kirill Doronin, founder of Russia’s largest Ponzi scheme in recent times, Finiko. Doronin will spend at least two more months in custody as authorities fear he could hide from law enforcement. Ilgiz Shakirov, vice-president of the crypto...
Korean Province Seizes Cryptocurrencies From 1,661 Investors for Unpaid Fines
21.9.2021
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...
Legalized Theft: Police Seize $87,000 From Former Marine but Don’t Charge Him With a Crime
2.9.2021
A recently published report that went viral across social media details how a former U.S. Marine, Stephen Lara, was pulled over by police and was suspected of being a drug trafficker. Police then searched Lara’s vehicle and subsequently took $87,000 in cash from a bag kept in Lara’s...
Australian Police Makes Record Crypto Seizure With Dark Web Drug Bust
20.8.2021
Australia’s Victoria Police have collected close to AUD 8.5m (USD 6m) worth of cryptocurrency in its recent clampdown on dark web drug trafficking. The bust, which targeted a number of properties in the country’s south-eastern state of Victoria, is said to be Australia’s biggest crypto seizure...
Brazilian Federal Police Launch Nationwide Operation Against Crypto-Related Money Laundering
17.8.2021
The Brazilian Federal Police launched Operation Compliance, a probe against cryptocurrency-related money laundering crimes last week. The probe resulted in the execution of several seizure warrants across the country, involving 150 federal policemen active in five different cities. Operation...
US Government Has Seized Cryptocurrencies Worth $1.2 Billion So Far This Year
5.8.2021
The U.S. government has seized cryptocurrencies worth $1.2 billion so far this year, according to an Internal Revenue Service director. This is a significant increase from $137 million in crypto seized the previous year. $1.2 Billion in Cryptocurrencies Seized Jarod Koopman, director of cybercrime...
South Korea Proposes Law Allowing Direct Seizure and Sale of Crypto Assets to Pay Overdue Taxes
28.7.2021
The South Korean government has proposed an amendment to the tax code to allow the country’s tax authority to seize and sell cryptocurrencies belonging to delinquent taxpayers. “The revision will allow direct seizing without court-approved change in ownership records. Assets held by...
Police Set New UK Record Seizing £180 Million Worth of Cryptocurrency
13.7.2021
Britain’s Metropolitan Police have seized a staggering £180 million in cryptocurrency as part of a money laundering investigation. The announcement comes just weeks after Scotland Yard confiscated £114 million in crypto, breaking the previous record. UK Police Discover £180...