FBI Seizes $1.7M In Cryptos: Ether And Stablecoins Dominate List
Portfolio Pulse from Murtuza Merchant
The FBI has seized cryptocurrencies valued at approximately $1.7 million between March and July of this year. The confiscated assets include Ether (ETH), Dai tokens (DAI), Tether tokens (USDT), Bitcoin (BTC), Monero (XMR), Solana (SOL), Cardano (ADA), and Dogecoin (DOGE). The digital assets were primarily seized from hardware wallets and accounts on cryptocurrency exchanges, with Binance accounts being notably prominent. No seizures were recorded from other leading exchanges such as Coinbase (COIN).
August 21, 2023 | 9:11 pm
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NEGATIVE IMPACT
Cardano was mentioned in the seizure notification, but the total value was not disclosed.
The seizure of Cardano could potentially impact its market dynamics and price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
Bitcoin valued at $147,000 was seized by the FBI.
The seizure of a significant amount of Bitcoin could potentially impact its market dynamics and price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Dai tokens valued at $469,000 were seized by the FBI.
The seizure of a substantial amount of Dai tokens could potentially impact its market dynamics and price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Dogecoin was seized in a specific case involving $200.
The seizure of Dogecoin could potentially impact its market dynamics and price in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 100
NEGATIVE IMPACT
Ether was a significant portion of the confiscated assets, with the FBI seizing tokens amounting to $800,000.
The seizure of a significant amount of Ether could potentially impact its market dynamics and price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Solana was mentioned in the seizure notification, but the total value was not disclosed.
The seizure of Solana could potentially impact its market dynamics and price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
The FBI seized Tether tokens in eight instances, but the total value was not disclosed.
The seizure of Tether tokens could potentially impact its market dynamics and price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
Monero worth $20,000 was seized by the FBI.
The seizure of Monero could potentially impact its market dynamics and price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEUTRAL IMPACT
No seizures were recorded from Coinbase accounts.
The absence of seizures from Coinbase accounts could be seen as a positive sign for the company's security measures.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100