Invest In Crypto News
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
  • IC DAO
No Result
View All Result
Invest In Crypto News
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
  • IC DAO
No Result
View All Result
Invest In Crypto News
No Result
View All Result

US rep introduces bill to authorize state-sanctioned piracy against cybercriminals

CryptoExpert by CryptoExpert
August 23, 2025
in Blockchain News
0
US rep introduces bill to authorize state-sanctioned piracy against cybercriminals
  • Facebook
  • Twitter
  • Pinterest


You might also like

ENA Targets $0.12 Within 10 Days as Whale Money Floods the Market

WLFI Proposes Vesting Plan for 62B Tokens With Conditional Burn

INJ Futures Launch on CFTC-Regulated Bitnomial, ETF Clock Starts

Arizona lawmaker David Schweikert introduced “The Scam Farms Marque and Reprisal Authorization Act of 2025” in August, which proposes neo-privateers — state-sanctioned pirates — to combat cybercriminals engaged in threats against the United States.

The bill authorizes the US president to issue letters of marque to “privately armed and equipped persons” contracted by the government to “employ all means reasonably necessary” to seize property and detain or “punish” cybercriminals deemed a threat by the president.

These threats include crypto theft, pig butchering scams, ransomware attacks, identity theft, accessing computers without authorization to gather sensitive personal or classified information, online password trafficking, and compromising computers with malicious code. The bill read:

“Criminal enterprises that employ cybercrimes and coerced labor present an unusual and extraordinary threat to the economic and national security of the United States.”

The bill characterized the scams as “acts of war” perpetrated by individuals, organized criminals, and foreign governments against the US and is a revival of an 18th-century law that could have implications for the future of cybersecurity and asset seizure if passed.

okex
The Scam Farms Marque and Reprisal Authorization Act of 2025. Source: US Congress

Related: Crypto crime unit with $250M in seizures expands with Binance

US could funnel seized assets into Bitcoin reserve and national crypto stockpile

Over $142 million in crypto was lost to hackers in July, and the total amount of crypto stolen so far in 2025 exceeds $3 billion. Stolen crypto seized by US law enforcement officials in investigations could later be forfeited to the government in court proceedings.

US President Donald Trump signed an executive order in January establishing a Bitcoin and crypto reserve, which could only accumulate crypto through budget-neutral strategies or asset forfeiture.

In July, the US federal government filed a civil complaint to claim over 20 Bitcoin (BTC), valued at over $2.3 million, seized by the Dallas, Texas, division of the Federal Bureau of Investigation (FBI) during an operation against the Chaos ransomware hacker group.

The US Department of Justice (DOJ) also seized $1 million in crypto from the BlackSuit ransomware group during the same month.

In August, the DOJ authorized the seizure of $2.8 million in crypto from a wallet controlled by Ianis Aleksandrovich Antropenko, who was charged with targeting individuals and businesses with ransomware attacks.

Magazine: Inside a 30,000 phone bot farm stealing crypto airdrops from real users



Source link

  • Facebook
  • Twitter
  • Pinterest
Tags: Bitcoin
CryptoExpert

CryptoExpert

Recommended For You

ENA Targets $0.12 Within 10 Days as Whale Money Floods the Market

by CryptoExpert
April 16, 2026
0
Bitcoin Hits $118K All-Time High: Analyzing Market Momentum, Technicals, and Future Outlook

Rongchai Wang Apr 16, 2026 15:21 Smart money has locked in 70% long positions while ENA sits coiled above $0.10 support, setting up a...

Read more

WLFI Proposes Vesting Plan for 62B Tokens With Conditional Burn

by CryptoExpert
April 16, 2026
0
WLFI Proposes Vesting Plan for 62B Tokens With Conditional Burn

Decentralized finance (DeFi) platform World Liberty Financial on Wednesday posted a governance proposal that would place 62.28 billion locked WLFI tokens under new multiyear vesting schedules and introduce...

Read more

INJ Futures Launch on CFTC-Regulated Bitnomial, ETF Clock Starts

by CryptoExpert
April 15, 2026
0
AssemblyAI Introduces German STT and Enhances PII Detection

Caroline Bishop Apr 15, 2026 22:29 Bitnomial debuts US-regulated Injective futures, beginning the six-month track record needed for Canary Capital's pending spot INJ ETF...

Read more

A new design for Ethereum’s encrypted mempool

by CryptoExpert
April 15, 2026
0
A new design for Ethereum’s encrypted mempool

Sponsored ContentSandwich attacks cost Ethereum users an estimated $60 million per year. Transactions broadcast to the public mempool are publicly visible before inclusion, which gives MEV bots the...

Read more

Apple Yanks Fake Ledger App After $9.5M Crypto Theft Hit 50+ Users

by CryptoExpert
April 15, 2026
0
AssemblyAI Introduces German STT and Enhances PII Detection

Rebeca Moen Apr 15, 2026 07:18 Apple removed a fraudulent Ledger Live app that stole $9.5 million from over 50 crypto investors using a...

Read more
Next Post
Coinpedia - Fintech & Cryptocurreny News Media

The Memecoin Turning Into a Global Brand Eyeing $0.10 mark

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business
  • Doge News
  • Ethereum News
  • Finance
  • Market Analysis
  • Mining
  • NFT News
  • Politics
  • Regulation
  • Technology
  • Trending Cryptos
  • Video

Sitemap

  • Market Cap
  • Donations
  • Trading
  • Mining
  • Contact

Legal Information

  • Privacy Policy
  • Anti-Spam Policy
  • Copyright Notice
  • DMCA Compliance
  • Social Media Disclaimer
  • Terms Of Service

Categories

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business
  • Doge News
  • Ethereum News
  • Finance
  • Market Analysis
  • Mining
  • NFT News
  • Politics
  • Regulation
  • Technology
  • Trending Cryptos
  • Video

© Copyright 2024 InvestInCryptoNews.com

No Result
View All Result
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
  • IC DAO

© Copyright 2024 InvestInCryptoNews.com

This website is using cookies to improve the user-friendliness. You agree by using the website further.

Privacy policy
bitcoin
Bitcoin (BTC) $ 75,004.00
ethereum
Ethereum (ETH) $ 2,341.42
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 1.45
bnb
BNB (BNB) $ 632.81
usd-coin
USDC (USDC) $ 0.999897
solana
Solana (SOL) $ 89.12
tron
TRON (TRX) $ 0.327136
figure-heloc
Figure Heloc (FIGR_HELOC) $ 1.03
staked-ether
Lido Staked Ether (STETH) $ 2,265.05

Pin It on Pinterest

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?