Introduction

The FBI forfeited $1.7 million worth of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Monero (XMR), and stablecoins USDT and DAI in three months.

Confiscation Details

A document published by the US Federal Bureau of Investigation revealed about $1.7 million worth of cryptocurrencies being confiscated from various sources, including Binance accounts.

The law enforcement agency seized $147,000 worth of Bitcoin, $800,000 of Ethereum, $307,000 of USDT, $469,000 of DAI, and just $20,000 of Monero.

Record Seizure in Eastern Virginia

A total of 428.5 ETH — equivalent to roughly $781,000 — was seized just in the Eastern neighborhood of Virginia, setting a new record. One of those were seizures worth $463,000 on queen.

Violation of Federal Regulations

The FBI highlighted that the seizures resulted from the infraction of Federal regulations and that the agency “gives notice that property included below seized for Federal forfeiture for violation of Federal law.”

Other Seized Assets

Other seized assets quoted in the document include the currency of the United States held in bank accounts and designers of luxury clothes and cars.