The US government is trying to get its hands on $2.4 million worth of Bitcoin seized by the FBI in Dallas.
FBI Busts Ransomware Ring
The feds filed a lawsuit in Texas to claim the Bitcoin, which was taken from a ransomware group called “Hors” back in April. The group is suspected of targeting victims in Texas and beyond, using ransomware attacks to extort money. The government says the Bitcoin was used in illegal activities, including money laundering.
Bitcoin Bonanza?
This seizure adds fuel to the idea of a US government Bitcoin reserve, something that’s been discussed before. A government official previously stated that they were exploring different ways to acquire more Bitcoin for the government.
Disclaimer
This is just news reporting. Investing in crypto is risky, so do your research before you invest. The information here isn’t financial advice.