Federal Authorities Pursue $2,400,000 in Bitcoin (BTC) Obtained from Hackers by FBI
In a significant move against cybercrime, the Dallas FBI seized approximately $2.4 million worth of Bitcoin from the Chaos ransomware group in April 2025 [4][5]. This seizure forms a substantial part of the U.S. government's Bitcoin Treasury Reserve, which currently stands at around 200,000 Bitcoins, primarily obtained through criminal asset forfeiture [1][3].
The Bitcoin Treasury Reserve was officially recognised as a Treasury Reserve Asset in 2025, marking a policy shift [1]. The government has pledged not to sell its Bitcoin holdings to stabilise markets but is exploring other ways to expand the reserve [1].
The seized Bitcoin is still subject to legal processes before becoming fully government property and usable for the Treasury reserve [5]. Observers note that the government has not sold any Bitcoin to date, holding the tokens for strategic or procedural reasons [3][5].
This seizure lends credence to the proposed Strategic Bitcoin Reserve concept floated by the Trump Administration [6]. The U.S. Treasury is currently seeking to claim these seized funds through forfeiture processes as part of its broader strategy to build a Bitcoin reserve primarily composed of assets confiscated from criminal activities rather than market purchases [4][5].
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The article also reports on various industry events, such as Little Pepe's Memecoin Presale reaching $16,475,000, a hack on a healthcare firm potentially exposing the personal data of 113,575 Americans, a New York man defrauding the IRS, and a 'largest ever' Bitcoin hack resulting in thieves getting away with $14,500,000,000 worth of Bitcoin [2][3][4][5][8].
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References: 1. [Article Link 1] 2. [Article Link 2] 3. [Article Link 3] 4. [Article Link 4] 5. [Article Link 5] 6. [Article Link 6] 7. [Article Link 7] 8. [Article Link 8]
The U.S. Treasury is actively exploring ways to expand its Bitcoin reserve, primarily through the confiscation of Bitcoin from criminal activities such as ransomware attacks. This reserve, along with other cryptocurrencies like Ethereum and various altcoins, has the potential to significantly impact the future of finance.
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