Cold Wallet Seizure refers to the confiscation of digital assets stored in offline cryptocurrency wallets by legal authorities. This action typically occurs as part of criminal investigations or asset forfeiture proceedings. It involves gaining physical control of the hardware device or access to the private keys. This method secures digital assets that are not connected to the internet.
Context
Cold wallet seizures represent a significant challenge for law enforcement due to the technical complexities of accessing encrypted funds. Recent news highlights successful seizures in cases involving ransomware, drug trafficking, and other illicit activities. The legal authority and practical execution of such seizures continue to be areas of discussion and development for judicial systems.
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