The US is taking steps to seize 20.2 BTC linked to the cybercriminal group Chaos, valued at around $2.4 million.
Overview of the Seizure
The US Department of Justice is pursuing legal action to forfeit 20.2 Bitcoin, valued at approximately $2.4 million. These funds were previously seized by the Dallas division of the FBI, and officials are now taking action to claim them officially.
Connection to the Chaos Group
The Chaos group is known for its involvement in cyberattacks demanding Bitcoin payments from victims. Such operations typically target organizations with weak cybersecurity, encrypting their data and demanding ransom in cryptocurrency.
US Strategic Bitcoin Reserve
If the forfeiture is successful, the 20.2 BTC may not just disappear into government coffers. Lawmakers and regulators have discussed the idea of a Strategic Bitcoin Reserve, aimed at holding Bitcoin for national strategic interests in a world where digital currencies are becoming increasingly influential.
This seizure highlights the US authorities' efforts in combating cybercrime and may represent a shift in how digital assets are viewed—from confiscation to strategic accumulation.
