FBI Seizes $1.9 Million in Cryptocurrency from Major Exchanges

The U.S. Federal Bureau of Investigation (FBI) has issued a federal forfeiture notice for approximately $1.9 million in cryptocurrency, seized for violations of federal law.

The bulk of the seized funds consists of Tether (USDT), valued at roughly $1.7 million, while the remaining balance includes Bitcoin (BTC), Ethereum (ETH), BNB, Solana (SOL), and Ripple (XRP).

The assets were confiscated from major cryptocurrency platforms, including Tether, Coinbase, and Binance, indicating cooperation between federal investigators and centralized exchanges.

This case highlights the growing intersection of traditional law enforcement mechanisms with decentralized finance and underscores the risks of engaging with platforms or transactions that may inadvertently violate federal law.