Federal prosecutors in the Northern District of Texas have moved to seize more than $1.7 million in cryptocurrency that the Dallas FBI confiscated in April 2025.
Acting U.S. Attorney Nancy E. Larson stated that the case involves digital assets allegedly tied to ransomware activity.
According to the complaint, federal agents seized 20.2891382 BTC on April 15, 2025, from the cryptocurrency address bc1q5d8af0crjhlnepjq08muhh55899rf2ktye3sxd. Since the seizure, the value of the cryptocurrency has risen to over $2.4 million. Authorities allege that the assets represent property involved in or derived from criminal activity, including money laundering and extortion tied to ransomware attacks.
Investigators traced the Bitcoin to an address allegedly controlled by a member of the Chaos ransomware group, identified as “Hors.” The group has been linked to multiple ransomware attacks targeting victims both in the Northern District of Texas and beyond.
Today, FBI Dallas made public the seizure of over $1.7 million worth of cryptocurrency as part of ongoing efforts to combat ransomware. The seized funds were traced to a cryptocurrency address allegedly associated with a member of the Chaos ransomware group, known as “Hors,” who… pic.twitter.com/uWeIMMGE9J
— FBI Dallas (@FBIDallas) July 28, 2025
The complaint, filed under Case No. 3:25-CV-01920-K, outlines the government’s plan to forfeit the cryptocurrency as part of an ongoing crackdown on cybercrime. The Dallas FBI, which executed the seizure, continues to work closely with federal prosecutors and law enforcement agencies as the case develops.
This action follows a series of major cryptocurrency seizures by U.S. authorities. In recent months, federal agencies have recovered $225.3 million in USDT connected to pig butchering investment scams, $31 million from the 2021 Uranium Finance hack, and $24 million from Russian national Rustam Gallyamov linked to Qakbot malware operations. The Department of Justice has indicated that seized cryptocurrency assets may be directed toward President Trump’s proposed Strategic Bitcoin Reserve rather than auctioned.
In a related development, the UK Insolvency Service has taken a significant step in modernizing its approach to asset recovery by appointing its first cryptocurrency intelligence specialist. This move comes as digital assets, such as Bitcoin and Ethereum, become increasingly prevalent in bankruptcy and criminal investigations.
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