US Department of Justice pushes to forfeit seized Bitcoin (BTC) worth $2.3 million to the state
JH Kim
Summary
- It was reported that the US Department of Justice has filed a civil complaint to forfeit approximately $2.3 million worth of Bitcoin (BTC) seized from the ransomware group 'Chaos' to the state.
- The Department of Justice announced its plan to formally confiscate the Bitcoin assets through civil proceedings and transfer ownership to the US government.
- Meanwhile, Bitcoin was reported to be trading at $118,197.31 on the Binance USDT market as of the 29th, a 0.60% decrease from the previous day.
According to Decrypt, a media outlet specializing in virtual assets (cryptocurrency), on the 28th (local time), the United States Department of Justice has filed a civil complaint to forfeit approximately $2.3 million worth of Bitcoin (BTC) seized from the ransomware group 'Chaos' to the state.
The Bitcoin in question was seized by US authorities in mid-April, and through these civil proceedings, the Department of Justice plans to formally confiscate the assets and transfer ownership to the US government.
Meanwhile, as of 04:19 on the 29th, Bitcoin is trading at $118,197.31 on the Binance Tether (USDT) market, down 0.60% from the previous day.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.![[Analysis] "Bitcoin attempts a technical rebound after capitulation selling…trend reversal hinges on fresh inflows"](https://media.bloomingbit.io/PROD/news/067f7da2-2764-45b9-a79c-b8a9c31d4919.webp?w=250)
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