FBI Seizes Over $2.4 Million in Bitcoin from Chaos Ransomware Member in Dallas

Published at 2025-08-04 11:06:06

In a major crackdown on cybercrime, the FBI's Dallas office has seized over $2.4 million worth of Bitcoin from an alleged member of the Chaos ransomware group, known by the alias "Hors." On April 15, 2025, the agency confiscated 20.2891382 Bitcoins from a wallet connected to Hors, who is suspected of orchestrating multiple ransomware attacks across Texas and other U.S. regions.

Chaos ransomware, which emerged in February 2025 as a splinter faction from the BlackSuit gang, quickly gained notoriety for its sophisticated encryption methods and double extortion tactics. This ransomware infects various systems including Windows, Linux, ESXi, and NAS devices, marking encrypted files with a ".chaos" extension. Victims are pressured to contact attackers through Tor addresses, further complicating law enforcement efforts.

The successful seizure of these cryptocurrencies by the FBI underlines important limitations of using cryptocurrencies for criminal anonymity. Despite the inherent privacy of blockchain technology, investigative and legal measures, combined with advanced tracing tools, have made it possible to recover illicit assets.

The U.S. Attorney’s Office in the Northern District of Texas has filed a civil forfeiture complaint to claim these funds, representing a key step in dismantling ransomware networks and deterring future attacks.

For those interested in securing their own crypto assets or exploring safer ways to invest in cryptocurrencies, platforms like Bitlet.app offer innovative solutions. Bitlet.app provides Crypto Installment services that allow users to buy cryptocurrencies now and pay monthly, reducing the financial burden of investing in this volatile market.

This case serves as a reminder of ongoing efforts to keep the crypto space safe and highlights the importance of choosing reputable platforms like Bitlet.app for transactions and investments.

Share on:

Related news

China Considers Yuan-Backed Stablecoins to Boost Global Currency Use

China is exploring yuan-backed stablecoins to internationalize its currency, marking a significant shift from its past crypto policies. The plan focuses on regulatory frameworks and deployment in major cities like Hong Kong and Shanghai, aiming for low-cost global transactions amid rising geopolitical and economic challenges.

Gemini's IPO Amid Losses and Expanding Crypto Industry Developments

Gemini launched its IPO despite significant losses, while the crypto sector sees major regulatory and market shifts including grassroots advocacy, Federal Reserve policy changes, new stablecoin approvals, and other company IPO moves. Discover how these affect your crypto investments and opportunities like Bitlet.app's Crypto Installment service.

Do Kwon Pleads Guilty in TerraUSD Collapse Fraud Case

Do Kwon, known as the cryptocurrency king, admitted guilt in a Manhattan federal court for fraud related to the $40 billion Terraform Labs collapse, impacting global investors.