Feds Confiscate Millions in Bitcoin from Emerging Ransomware Group

The FBI has announced the seizure of over $1.7 million worth of crypto from an affiliate of the emerging Chaos ransomware group.

The agency confiscated 20.28 BTC in proceeds linked to a ransomware operator known as “Hors,” according to the FBI’s Dallas Field Office. The seizure took place April 15 and was formally recorded July 24 via a civil forfeiture complaint from the US Department of Justice.

“The seized funds were traced to a cryptocurrency address allegedly associated with a member of t