According to a recent revelation by the US FBI, the organization seized approximately $2 million in digital currencies between March and May 2023.

In a recent report, the Federal Bureau of Investigations (FBI) stated that over the specified time period, it had obtained almost $1.7 million in digital currencies. This action was a part of their effort to combat unlawful activities, which led to the confiscation of a number of cryptocurrencies, including Bitcoin, Ether, Tether, Monero, and Dai.

The largest portion of the seized property, amounting to $800,000, was ether. The organization also seized $147,000 in Bitcoin, $307,000 in Tether, 469,000 in Dai, and $20,000 in Monero. The FBI even acquired $200 worth of Dogecoin assets.

According to the FBI, Binance accounts were the main target of these seizures. The Eastern District of Virginia reported the largest seizure, totaling $463,811 in ether. The main areas for such confiscations have been the states of Florida and Virginia. The government also disclosed seizures in a number of more states, from Arizona to Oklahoma.

The FBI stressed in its statement that violations of federal laws led to the forfeiture of these digital assets.

The Federal Bureau of Investigation (FBI) seized the items listed below in anticipation of potential federal forfeiture resulting from violations of federal regulations.

The FBI has made some notable attempts to combat the unauthorized use of digital assets. They announced the confiscation of several cryptocurrencies and NFTs worth roughly $250,000 from two US locations in February. Additionally, the FBI started looking into Do Kwon and Terraform Labs in March.