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Justice Department Increases Bitcoin Reserve by $2.8 Million

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by Giorgi Kostiuk

9 hours ago


The U.S. Justice Department has announced a seizure of funds in its fight against cybercrime, adding further assets to the national Bitcoin reserve.

Charges Against Ianis Antropenko

Unsealed warrants revealed charges against Ianis Aleksandrovich Antropenko, who is accused of laundering ransomware proceeds through services like ChipMixer. Prosecutors allege he converted these funds into cash and structured deposits to avoid detection.

Building the Federal Bitcoin Stockpile

This case follows a string of seizures in recent months. Just days earlier, officials disclosed the recovery of $1 million from the BlackSuit ransomware group and confirmed plans to claim $2.4 million in Bitcoin seized in Dallas. These crypto assets are expected to flow into the reserve established earlier this year.

U.S. Treasury's Position

Treasury Secretary Scott Bessent has stated that the government’s Bitcoin stockpile, sourced primarily through asset forfeitures, already totals around $20 billion. He clarified that the department intends to continue expanding the reserve through 'budget-neutral' strategies.

The seizure of assets and the increase of the federal Bitcoin reserve highlight the authorities' activity in combating cybercrime and enhance the understanding of investment strategies in the cryptocurrency space.

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