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US Government Seeks Forfeiture of 200,000 USDT Tied to Bitcoin Theft in Ohio

[Oct 5 2:30 AM] The U.S. government is taking legal action to seize 200,000 tether (USDT), worth $200,000, linked to a major cryptocurrency fraud. The funds, converted from stolen bitcoin, could soon be returned to the Ohio victim after a forfeiture trial…

FBI Seizes $2.5M in Crypto From Thailand-Based Pig Butchering Scam Targeting Americans

[Jul 18 5:30 PM] The U.S. Attorney’s Office has launched a civil forfeiture action to reclaim cryptocurrency seized by the FBI from international fraudsters involved in “pig butchering” schemes. This initiative aims to return the stolen funds…

DOJ Selects Coinbase to Provide Crypto Services to US Marshals Service

[Jul 2 3:21 PM] The Department of Justice (DOJ)’s U.S. Marshals Service has selected crypto exchange Coinbase to provide crypto custody and trading services. The U.S. government’s contract, valued at over $32 million, aims to streamline the management…

279 Crypto Accounts Forfeited to US Government in North Korean Laundering Crackdown

[May 12 11:15 AM] The U.S. District Court for the District of Columbia has ordered the forfeiture of 279 cryptocurrency accounts containing funds linked to alleged hacks of crypto exchanges by North Korean operatives. This measure is a component of a broader U.S…

Report: FTX Co-CEO Ryan Salame in Plea Deal Talks; Private Jet May Be Forfeited 

[Aug 9, 2023 10:00 AM] A Bloomberg article, citing “people familiar with the case,” reveals that FTX’s co-CEO Ryan Salame is allegedly in talks with prosecutors, and a plea agreement could be forthcoming. Insiders also emphasize that Salame’s…

Coinbase wins $470K restitution in insider trading case

[Apr 11, 2023 7:06 PM] The brother of a former Coinbase employee allegedly profited from an insider trading scheme and now has 20 years to repay the funds.

US Government Plans to Sell Over 41,000 Bitcoins Confiscated from Silk Road Hacker

[Apr 1, 2023 11:30 AM] According to a court document filed on March 31, 2023, regarding the sentencing of James Zhong, who stole over 50,000 bitcoin from the Silk Road marketplace, the U.S. government plans to liquidate 41,490 bitcoin “over the course of this…

US Government Remains a Top Bitcoin Holder With Seized Stash Valued at $5.6 Billion

[Mar 26, 2023 10:30 AM] As of March 25, 2023, the U.S. government held 205,515 bitcoins worth $5.6 billion, which is approximately 1.06% of the circulating supply, according to current statistics. The cache of bitcoins is a result of three forfeitures that began in 2020…

Former FTX Director Pleads Guilty to Charges of Fraud, Money Laundering, and US Campaign Finance Violations

[Feb 28, 2023 1:36 PM] Roughly 11 days ago, it was reported that Nishad Singh, the former director of engineering at FTX, was working with federal prosecutors to arrange a plea deal. On Tuesday, Singh pleaded guilty to criminal charges and stated, “I am unbelievably…