US Seized $3.5 Billion In Cryptocurrencies In 2021

The US seized $3.5 billion in cryptocurrencies in 2021. The financial report of the US tax agency IRS has been announced.

It has been learned that the Criminal Investigation Unit of the tax agency IRS seized $ 3.5 billion worth of cryptocurrencies in the 2021 fiscal year, 93 percent of which was in criminal investigations. The figures emerged in the annual report published by the institution yesterday. Among the $3.5 billion cryptocurrencies is $1 billion in Bitcoin, which is associated with the darknet marketplace Silk Road. These were seized in November last year and are the largest amount of cryptocurrencies the US has ever seized. The head of the Criminal Investigation Unit, Jim Lee, said more cryptocurrencies could be seized as part of ongoing investigations as we enter fiscal year 2022. Lee explained that they need to include 250 to 300 special agents on their team to detect cybercrime, and this requires a budget. It is said that the institution will benefit from the additional funding of $ 80 billion, which can be voted in the parliament on Thursday. Additionally, Lee said, "The convenience of the instantaneous movement of money opens the door for criminals to take advantage of the latest technological advances. The Criminal Investigation Unit is committed to staying one step ahead of these developments and is important to train our employees in the latest tactics and techniques to enable them to be successful in the digital finance world. We made investments."