FBI’s 3-Month Operation Seizes $1.7M in Crypto Currencies
A prominent US law enforcement agency, the FBI, has successfully seized nearly $1.7 million worth of cryptocurrencies during a comprehensive three-month operation from March to May, aimed at curbing unlawful activities.
The confiscated digital assets comprise a variety of cryptocurrencies, including Bitcoin, Ether, Tether, Monero, and Dai. These funds were traced back to different sources and locations, including accounts held on the Binance exchange.
One particularly significant seizure occurred in the Eastern District of Virginia, where approximately 428.5 Ether with an estimated value of $463,000 were apprehended.
The FBI's decisive action has been prompted by violations of government regulations associated with these digital assets. The agency's intervention aims to eliminate these assets due to their suspected involvement in illicit activities.
Furthermore, the FBI has issued a warning regarding digital currency scams, advising caution against impersonators of digital art personalities and fraudulent job offers aimed at illicitly obtaining digital assets.
Also Read: FBI Warns of Crypto Job Scam Exploiting labor trafficking
This operation underscores the FBI's commitment to combating cybercrime and illicit financial activities in the evolving landscape of digital currencies.
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EYES ON TRAFFICKING
This “Eyes on Trafficking” story is reprinted from its original online location.
ABOUT PBJ LEARNING
PBJ Learning is a leading provider of online human trafficking training, focusing on awareness and prevention education. Their interactive Human Trafficking Essentials online course is used worldwide to educate professionals and individuals how to recognize human trafficking and how to respond to potential victims. Learn on any web browser (even your mobile phone) at any time.
More stories like this can be found in your PBJ Learning Knowledge Vault.