the U.S. Government transferred 300 ETH from an address marked as “U.S. Government: Noman Seleem Seized Funds (0x6f9).” Initially, 0.04 ETH was moved to the new address 0x38cEd5767F1c16DeeA54c5175e0f23a5DAb1aD46, followed by the remaining 299.956 ETH. This move is believed to be a test transfer.
As of now, the government-held addresses contain substantial amounts of cryptocurrency, including 203,239 BTC, 121.734 million USDT, and 50,524 ETH.
The transfer of these funds follows a court ruling on May 7, 2024, in which a U.S. court ordered the confiscation of Noman Seleem’s private wallet, which held 300 ETH. This ruling was part of a civil forfeiture action filed by the U.S. government in the United States District Court for the District of Maryland.
The forfeiture complaint, filed on May 7, 2024, alleged that the Ether was subject to forfeiture under federal money laundering laws, as it constituted proceeds traceable to criminal activity. The government claimed that the cryptocurrency, seized on December 6, 2023, was derived from wire fraud, a violation of federal statutes.
