Feds Seize $34 Million in Crypto From Unidentified Florida Man

On April 4, 2022, the Department of Justice (DOJ) and the U.S. Attorney’s Office of South Florida revealed that legislation enforcement seized $34 million in crypto belongings from an unidentified man dwelling in Florida. According to the DOJ, the person allegedly carried out greater than 100,000 gross sales on darknet markets, promoting on-line account data tied to folks’s Netflix, HBO, and Uber accounts.

DOJ Seizes $34 Million in Digital Assets From Florida Resident Accused of Selling Stolen Online Information through the Deep Web

The DOJ and U.S. Attorney’s Office of South Florida announced on Monday that $34 million in cryptocurrencies have been forfeited to the federal authorities. The funds stem from a South Florida resident that allegedly offered on-line data like monetary particulars tied to particular net providers like Netflix, Uber, HBO, and lots of others.

Reportedly, the person took the personal data to darknet markets on the deep net utilizing the privacy-enhancing Tor browser and offered the info for crypto. The unidentified man is accused of conducting greater than 100,000 gross sales with stolen data. While the federal authorities seized the $34 million in digital belongings, the suspect from the suburban metropolis of Parkland, Florida was not named or charged within the official press launch.

U.S. legislation enforcement did say it was “one of many largest cryptocurrency forfeiture actions ever filed by the United States.” According to the DOJ press launch, the unidentified Parkland suspect allegedly used “tumblers,” “crypto mixers,” and “chain hopping” to hide his proceeds. The DOJ says the person leveraged mixers and chain hops to “obscure the unique supply of funds.”

‘Operation TORnado’

The forfeiture motion stemmed from a particular operation dubbed “TORnado,” and it includes a large number of federal, state, and native legislation enforcement companies. In addition to the DOJ, the “RS-CI, FBI, DEA, Homeland Security Investigations (HSI), and U.S. Postal Inspection Service (USPIS) investigated the case” as effectively.

U.S. legislation enforcement, significantly the DOJ, has been busy with varied legal instances that contain digital belongings in latest occasions. At the tip of March, the DOJ revealed the company charged two people in a million-dollar “NFT rug pull” rip-off.

In mid-November 2021, the DOJ was dealing with the sale of $56 million in seized Bitconnect funds stemming from the crypto Ponzi’s “primary promoter.” The DOJ was additionally involved with the latest seizure of 94,636 BTC that got here from the 2016 Bitfinex hack.

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