Cryptocurrency

"Miami feds seize $34 million of bitcoin in fraud case. It’s one of largest seizures in U.S."

2022-04-04 [vendor] Bitcoin seized from [chain] bitcoin
Primary Source ↗
Blockchain(s) Bitcoin

Incident Details

A Floridian suspected of selling hacked account information for services including HBO, Netflix, and Uber had $34 million in Bitcoin seized by federal authorities. Prosecutors accused a suspect of a scheme from 2015–2017 in which he sold stolen account information on the dark web. Unusually, they filed a civil rather than criminal case against the defendant, and were able to seize the crypto in a default judgment. Tough day for those arguing that crypto is somehow inherently immune from government actions.

Technical Details

Initial Attack Vector
Regulatory / legal action
Vendor / Product
Bitcoin seized from

Timeline

  1. 2022-04-04 Breach occurred
  2. 2022-04-04 Publicly disclosed