A cache of bitcoins and litecoins has been seized by federal law enforcement officials as part of an investigation into alleged counterfeit software sales and distribution.
Approximately 105 BTC and 900 LTC were cited in a civil forfeiture that included more than $7m, hundreds of gold and silver bars and coins, and a number of luxury items including sports cars, wedding rings and a diamond-encrusted Rolex.
The operation involved a number of companies based in Missouri, Nevada, Washington state and Maryland. The digital currency holdings were confiscated from Rex Yang, a Seattle-based business operator who allegedly sold $1.4m in stolen codes.
In a separate filing, US law enforcement officials placed a restraining order on a number of buildings in Seattle owned by or tied to Yang, as well as additional $2.2m in funds.
The filing reads:
The investigation into a group of individuals suspected of selling fraudulent software codes and digital media was filed on 30th January, according to court documents filed in the US District Court for the Western District of Missouri.