FBI Seizes $1.7M In Cryptos: Ether And Stablecoins Dominate List

The Federal Bureau of Investigation (FBI) has disclosed that it had seized cryptocurrencies valued at approximately $1.7 million between March and July of the current year.

According to the official document, "The Federal Bureau of Investigation gives notice that property listed was seized for federal forfeiture for violation of federal law."

Ether (CRYPTO: ETH) made up a significant portion of the confiscated assets, with the agency taking tokens amounting to $800,000.

The most substantial single seizure of ether, worth $463,811, took place in the Eastern District of Virginia.

When considering all the U.S. regions, Florida and Virginia emerged as the states with the highest amounts of seized digital assets.

The FBI's report also highlighted the confiscation of a considerable sum of stablecoins.

Notably, Dai tokens (CRYPTO: DAI) valued at $469,000 were taken in the Eastern District of Virginia.

The document mentioned eight instances of Tether token (CRYPTO: USDT) seizures, but there were no mentions of USD Coin (CRYPTO: USDC) confiscations.

The agency's list also featured other digital currencies, including Bitcoin (CRYPTO: BTC) valued at $147,000, and Monero (CRYPTO: XMR) worth $20,000.

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Popular altcoins like Solana (CRYPTO: SOL) and Cardano (CRYPTO: ADA) were also mentioned in the seizure notification. Additionally, the FBI reported the seizure of memecoins, including a specific case involving $200 of Dogecoin (CRYPTO: DOGE).

The report provided insights into the sources of these confiscations.

Digital assets were primarily seized from hardware wallets and accounts on cryptocurrency exchanges. Binance accounts were notably prominent in the list, with 46 separate confiscations.

Interestingly, there were no recorded seizures from other leading exchanges such as Coinbase (NASDAQ: COIN), Kraken, Kucoin, and OKX.

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