The Internal Revenue Service's Criminal Investigation unit seized $3.5B in cryptocurrency during this fiscal year, accounting for 93% of its criminal investigation seizures, according to agency's 2021 criminal investigation report. The largest seizure of crypto in U.S. history goes back to when Silk Road creator Ross Ulbricht was convicted in 2015 for seven criminal counts including conspiracy to distribute narcotics and money laundering, the report says. In fact, in 2022,the IRS expects to seize billions of dollars worth of crypto that's linked to tax fraud and other crimes, a key agency official told Bloomberg. "I expect a trend of crypto seizures to continue as we move forward into fiscal year '22," IRS Criminal Investigation Chief Jim Lee told Bloomberg. "We're seeing crypto involved in a number of our crimes as we move forward." In an effort to evolve with the online and digital payment landscape, the CI plans to launch
