US Seeks $2.4 M Bitcoin Forfeiture to Expand Strategic Reserve

US Seeks $2.4 M Bitcoin Forfeiture to Expand Strategic Reserve

The United States has initiated civil proceedings aiming to seize 20.2 BTC (approximately $2.4 million) confiscated by the Dallas FBI, allegedly linked to the Chaos ransomware group. The forfeiture request, filed in the Northern District of Texas, bolsters the planned U.S. Strategic Bitcoin Reserve, which President Trump directed be established on March 6 via an executive order obliging the government to aggregate seized digital assets. Accor...

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