FBI forfeiture notice lists about $1.9004 million in seized crypto assets

The June 16 filing itemized roughly $1.7004 million in USDT alongside BTC, ETH, BNB, SOL and XRP linked to Tether, Coinbase, Binance and other platforms or accounts.

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Summary

The FBI moved multiple seized digital assets into federal forfeiture proceedings in a June 16 notice, with the itemized valuations totaling about $1.9004 million. The largest share was roughly $1.7004 million in USDT, alongside holdings in BTC, ETH, BNB, SOL and XRP tied to Tether, Coinbase, Binance and other platforms or accounts. Federal forfeiture proceedings are the legal process used to transfer seized property to government ownership after law-enforcement action.

Terms & Concepts
  • forfeiture proceedings: Legal process to transfer seized assets to the government.
  • USDT: A dollar-pegged stablecoin issued by Tether.