FBI seizes $100K in NFTs and 86.5 ETH from scammer following ZachXBT investigation

on Feb. 3, it outlined that Seneca’s property — which also included an Audemars Piguet Royal Oak Watch worth $41,000 — was “seized for federal forfeiture for violation of federal law.”

The FBI’s notification did not detail much other information on the ordeal apart from noting that all of the property was seized on Oct. 24. The specific NFTs include Bored Ape Yacht Club#9658, and Doodle #3114 and were valued at $95,495 and $9,361 at the time of seizure.$144,000 at the time of writing.

It is unclear what the full scope of legal proceedings that have taken place against Senecal are at this stage. However, according to the FBI’s law enforcement bulletin, federal forfeiture is a law enforcement tool thatthe government to “remove—without compensation for the individual—ownership of property involved in a crime.”

“It may occur in a civil procedure, like a lawsuit against the item, or after the conviction of an individual in a criminal trial,” the FBI states. While the FBI has not come out with an official tip of the hat to ZachXBT, the on-chain sleuth noted via Twitter on Feb. 3 that the property seizure did “come as a result” of his investigation.

Source: Law Daily Report (lawdailyreport.net)

The FBI’s official notification on Feb. 3 outlined that Seneca’s property — including an Audemars Piguet royal oak watch worth $41,000 — was “seized for federal forfeiture for violation of federal law.”

zachxbt 👑

Who is ZachXBT? 🤔

Oh that's a bit

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

FBI Seizes NFTs from Crypto ScammerThis confiscation was the result of an investigation conducted by blockchain sleuth ZachXBT, who discovered that the NFTs were obtained through a phishing scam run by Cameron Redman
Source: Utoday_en - 🏆 295. / 63 Read more »

E-40 Donates $100K to Grambling State, Honored With ‘Earl Stevens’ StudioE-40 was doing it “too big” like his Mount Westmore anthem at his alma mater Grambling State University on Friday … donating a massive $100K check to the HBCU’s music department for invaluable upgrades for generations of students to come. Shit will be terribly mismanaged. Lol Thank you GramFam E40‼️ E40 👏 E40
Source: TMZ - 🏆 379. / 59 Read more »

Michigan woman wins $100k lottery prize while taking a break from 'tough day'A Detroit woman took a time out from her 'tough day' to play the lottery online. Now, she's tens of thousands of dollars richer.
Source: YahooNews - 🏆 380. / 59 Read more »

The Highs and Lows of Hermès-inspired NFTs Debated in Mason Rothschild TrialThe artist Mason Rothschild and his attorneys squared off again Wednesday with attorneys for Hermès about his alleged trademark infringement in federal court in New York.
Source: wwd - 🏆 24. / 68 Read more »

NFTs Are So Much More Than Just Digital Collectibles | HackerNoonReddit launched digital collectibles, and that's great. But NFTs aren't all digital collectibles, and we should stop using the term so often. - digitalcollectibles nfts
Source: hackernoon - 🏆 532. / 51 Read more »

Japanese Prime Minister says DAOs and NFTs help support government’s 'Cool Japan' strategyThe Japanese government is exploring the use of Web3 services, including NFTs and DAOs, to revitalize regions and promote the country's culture. $Jasmy will lead the way AstarNetwork will lead this in Japan. Jasmy coin 🇯🇵🔥🔥🔥🔥
Source: Cointelegraph - 🏆 562. / 51 Read more »