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
  • BLOG
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
  • BLOG
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

How Settlemint and Utila Are Securing Institutional Tokenized Assets

Lido Vote 214 Passes As Dual Governance Moves Onto Ethereum Mainnet

INJ Price Prediction: Momentum Dead-Stalls at $7.48 — Whales Loading Before the Next Leg

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

How Settlemint and Utila Are Securing Institutional Tokenized Assets

by CryptoExpert
September 29, 2026
0
How Settlemint and Utila Are Securing Institutional Tokenized Assets

Key TakeawaysSettlemint and Utila partnered to combine DALP with MPC custody and governance controls.The deal strengthens institutional tokenization operations beyond issuance, improving security and automation.Settlemint and Utila will...

Read more

Lido Vote 214 Passes As Dual Governance Moves Onto Ethereum Mainnet

by CryptoExpert
September 28, 2026
0
이더리움 회복

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR Lido DAO Vote #214 has passed with 58.2 million LDO participating in favor. The...

Read more

INJ Price Prediction: Momentum Dead-Stalls at $7.48 — Whales Loading Before the Next Leg

by CryptoExpert
September 28, 2026
0
Injective (INJ) Launches 'Altaris' Upgrade Featuring Advanced RWA Oracle and Enhanced Burn Auction

Luisa Crawford Sep 28, 2026 10:41 UTC INJ just shed 4% in 24 hours and its MACD has gone completely flat, but smart money...

Read more

Zano Rolls Back Blockchain by a Month After Exploit

by CryptoExpert
September 28, 2026
0
Zano Rolls Back Blockchain by a Month After Exploit

Zano has rolled back approximately a month of blockchain history after a vulnerability involving Gateway Addresses allowed unauthorized ZANO and Freedom Dollar to enter circulation, according to its...

Read more

Solana’s Alpenglow Hits Second Testnet, 100ms Finality in Sight

by CryptoExpert
September 27, 2026
0
Solana's Alpenglow Hits Second Testnet, 100ms Finality in Sight

Key TakeawaysSolana switched on Alpenglow on testnet Sept. 24 and devnet Sept. 25, replacing its old TowerBFT system with Votor.Alpenglow aims to cut Solana’s finality time from 12.8...

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
  • BLOG

© 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) $ 83,028.00
ethereum
Ethereum (ETH) $ 2,659.31
tether
Tether (USDT) $ 0.999667
bnb
BNB (BNB) $ 755.99
xrp
XRP (XRP) $ 1.48
usd-coin
USDC (USDC) $ 0.999866
solana
Solana (SOL) $ 116.98
tron
TRON (TRX) $ 0.334523
staked-ether
Lido Staked Ether (STETH) $ 2,265.05
zcash
Zcash (ZEC) $ 1,383.84

Pin It on Pinterest

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