FBI seizes Crypto Assets Valued at $2M in 3 Months
- The FBI said the crypto assets were seized due to violations of federal laws.
- Earlier this year, the FBI warned crypto users of scams involving fake job postings.
A new filing by the Federal Bureau of Investigation (FBI) has revealed that the organization seized digital assets worth about $1.7 million between March and May. The FBI reportedly seized $147,000 in BTC and $800,000 in Ether. The agency said other seized assets include Tether USDT, Monero, and DAI.
The FBI claimed these seizures were caused by violations of federal policies. The federal agency added that it also seized sports cars, cash, and luxury wear such as shoes, clothes, and bags in addition to the mentioned cryptocurrencies.
The FBI has played an active role in warning crypto users about crypto scams and frauds, especially those involving non-fungible tokens (NFTs) market, phishing schemes, social media exploitation, and fraudulent job postings.
The FBI recently raised awareness about a new form of crypto fraud that involves fraudsters instilling a “sense of urgency” and directing users to phony websites where their assets are stolen.
The FBI also warned that crypto hackers and fraudsters now create social media profiles that mimic legitimate ones to defraud unsuspecting users. In other cases, these fraudsters simply hack an original account and go on to deceive their connections on social media.
Earlier this year, the FBI warned crypto users about fraudulent crypto employment postings. The agency noted that these fake job postings are associated with human trafficking, where victims are coerced into committing crypto investment fraud.
Lawrence has covered some exciting stories in his career as a journalist, he finds blockchain-related stories very intriguing. He believes Web3 will change the world and wants everyone to be a part of it.
