United States prosecutors confiscated about $34 million in cryptocurrency from a Florida man who sold stolen account credentials for services such as Netflix Inc. (NASDAQ:NFLX), HBO and Uber Technologies Inc. (NYSE:UBER).
What Happened: The Bitcoin seized from the Parkland resident was initially worth about $47 million but is now valued at about $34 million following a price drop, according to a Wednesday report from crypto news outlet Bitcoinist. The United States Department of Justice said that it was one of the largest cryptocurrency seizures ever.
