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FBI and other Law Enforcement Agencies Seized $2.3 Million in Cryptocurrency

source-logo  cryptoknowmics.com 02 December 2021 13:30, UTC

FBI, the United States' government investigative agency, said that it had seized over $2.3 million in cryptocurrency. All of the money taken was tied to the>

The federal agency displayed one of the largest seizures made to Aleksandr Sikerin, who allegedly belongs to a gang of cyber hackers, only hours before the first day of December began. According to the investigating bureau, Sikerin is a member of the evil organization, which operates from Russia to the United States.

Cryptocurrency Worth $2.3 Million Seized by FBI 

The FBI, one of the country's most potent investigative agencies, demonstrates how close it is to apprehend members of the REvil gang. The federal agency recently disclosed that Aleksandr Sikerin held a large sum of money in a Bitcoin-based crypto wallet. According to the agents, Sikerin holds around 39.89138522, which would be worth more than $2 million at today's token pricing.

According to the investigating bureau, the wallet also belongs to the Exchange Exodus, which supports the case. Despite Sikerin's frequent movement, they may be able to snare a high-value wallet from the market. According to the FBI, the confiscated wallet and cryptos are being held at the local agency in Dallas.

Search is on for REvil members

According to FBI investigations, the REvil organization has been involved in hundreds of ransomware incidents. As per the judicial department, the thieves are thought to have stolen almost $200 million in cryptocurrencies, mainly Bitcoin. However, he was unable to catch the group's leaders, who are now deemed, terrorists.

Further investigations report, the crooks' method of operation is to steal the data of American organizations and then demand a ransom in cryptos. They utilize Bitcoin or other cryptographic tokens because they allow for anonymous transactions between entities from various nations. The ransom money is then transmitted to a cryptocurrency mixer, which is used to launder the funds before being distributed to a wallet via random nodes.

cryptoknowmics.com