US Authorities Strike Hard: $2.8M in Crypto Seized from Ransomware Kingpin

Feds deliver a gut punch to cybercriminals—raiding a major ransomware operation and clawing back millions in ill-gotten crypto.

Operation Clawback: How the Feds Cut Off the Money Flow

In a swift move, US authorities dismantled a ransomware syndicate, freezing $2.8M in digital assets mid-launder. No more 'anonymous' paydays—chain analytics don’t lie.

Crypto’s Dark Side Meets Iron-Fisted Regulation

While decentralized evangelists preach sovereignty, this takedown proves even crypto outlaws can’t outrun the long arm of the law. (Take notes, ‘privacy coin’ maximalists.)

Bonus Finance Jab: Another win for regulators—meanwhile, your altcoin portfolio still bleeds out.

Part of expanding federal stockpile

The case marks the latest government action involving crypto that could be directed into the U.S. national crypto reserve, created by an executive order enacted by President Donald TRUMP in March.

Earlier this week, the Justice Department announced the seizure of roughly $1 million from the ransomware group BlackSuit and moved to claim $2.4 million in Bitcoin (BTC) seized by the FBI in Dallas in April.

Treasury Secretary Scott Bessent recently revealed that the government’s bitcoin holdings, acquired through criminal asset forfeitures after victim restitution, totaled about $20 billion.

Bessent drew attention earlier in the week after saying the government WOULD not be buying additional Bitcoin for the reserve. He later backtracked and clarified that the Treasury will continue to seek “budget-neutral” ways to expand its holdings.