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FBI seizes $ 180 million in Bitcoin


 

The Federal Bureau of Investigation (FBI) has seized $ 180 million in Bitcoin related to the Sony Life embezzlement case.

The United States today brought a lawsuit in federal court to protect and ultimately return more than $ 154 million in funds allegedly stolen from a Tokyo-based subsidiary of Sony Group Corporation and then used by law enforcement during the investigation into the FBI were seized for this theft.

Rei Ishii, a former employee, stole $ 155 million from one of the Japanese company's subsidiaries earlier this year while working remotely, raising concerns about the lack of oversight at the company.

Ishii was able to embezzle some of these funds by forging transactions and having them transferred to his account at Silvergate Bank in California. The stolen money was used to buy 3,879 Bitcoins on Coinbase, which Ishii then transferred to a hardware wallet to disguise the nature and ownership of the funds.

In late May, Ishii began blackmailing Sony Life by claiming that it was impossible for the company to get the stolen money back and that if it filed a criminal complaint, it would go down with him. The FBI managed to track down the funds and confiscate them.

The FBI received "significant assistance" in its investigation from other law enforcement agencies, including the National Police Department of Japan, the Tokyo Metropolitan Police Department and the Japan Prosecutors Unit on Emerging Crimes.

Meanwhile, Bitcoin and Ethereum prices rose more than 6% overnight, while the global crypto market also increased its market cap by 6% to $ 2.38 trillion, according to CoinGecko.

And after market capitalization jumped $ 40 billion on Tuesday, December 21st, recent data shows that Bitcoin is the most talked about cryptocurrency ticker on the social media platform Reddit.

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