Authorities in the United States have confiscated $54 million worth of cryptocurrency from Christopher Castelluzzo, a convicted drug distributor. The U.S. Attorney's Office has filed a civil forfeiture action in an attempt to recover the seized Ethereum linked to Castelluzzo's illegal narcotics distribution scheme. Castelluzzo and his associates sold drugs on the darknet for cryptocurrency between 2010 and 2015. In 2021, he tried to move the seized ether out of the country while in prison but was intercepted and the entire amount was seized. The U.S. government has acquired approximately 200,000 Bitcoins, worth around $5 billion, through seizures related to criminal activities, making it one of the largest Bitcoin holders globally.
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