ChainCatcher news, according to official sources, Sei Network DeFi head Larry delivered a keynote speech titled "The Fastest Parallelized EVM Layer 1" at the "OKX Web3 Night" event.Larry stated that Sei is committed to scaling the Ethereum Virtual Machine (EVM), aiming to achieve a throughput of 5 billion gas per second. Through parallel execution, rapid consensus, and optimized storage, Sei has built the highest-performing EVM in history. In the future, the EVM will be rebuilt from scratch, focusing on three main areas: consensus, storage, and execution. The Giga upgrade will further enhance Sei's performance by optimizing the consensus mechanism and increasing network throughput. After the upgrade, Sei's TPS (transactions per second) is expected to double to 10,000 TPS, meeting the needs of enterprise-level large-scale applications.According to Defillama data, Sei Network's TVL has grown by 85% over the past month, ranking first among all public chains. Notably, several high-growth projects have emerged within the Sei ecosystem, such as Yei Finance, Sailor Finance, and Silo. Among them, the leading DeFi protocol Yei Finance is leveraging Sei's high-performance public chain characteristics to create a full-chain liquidity market, integrating multi-chain lending and trading to provide on-chain users with a user experience comparable to CEX.

ChainCatcher news, according to Cointelegraph, Brazil's Superior Court of Justice unanimously ruled that courts can seize debtors' cryptocurrency assets to repay creditors. According to the ruling, judges can now issue notices to cryptocurrency exchanges to seize the assets of account holders for debt repayment.The memorandum published on the court's website noted that although cryptocurrencies are not legal tender, they can serve as a means of payment and a store of value. Judge Ricardo Villas Bôas Cueva stated that while Brazil currently lacks formal regulation of cryptocurrencies, certain bills have recognized them as "digital representations of value."

ChainCatcher news, the head of the Federal Bailiff Service of the Russian Federation (FSSP) stated that a new mechanism has been developed to support the conversion of Bitcoin seized in criminal cases into state revenue. This mechanism is based on the precedent of the bribery case involving former investigator Marat Tambiev, in which approximately 1,032 BTC were successfully confiscated and transferred to the Ministry of Finance. It is expected that part of the assets will be sold to replenish the treasury.The FSSP urges the legislative body to clarify the legal status of crypto assets as soon as possible to promote a more systematic process for the disposal of crypto assets.

ChainCatcher message, according to the official announcement, Binance is expected to suspend Sei (SEI) token deposits and withdrawals on April 2, 2025, at 23:00 (UTC+8) to support its network upgrade. The project team will perform the network upgrade at block height 139,936,278 (expected on April 3, 2025, at 00:00 UTC+8).

ChainCatcher News: The U.S. Department of Justice announced the disruption of an ongoing terrorism financing scheme, seizing approximately $201,400 (at current value) in cryptocurrency, which was stored in wallets and accounts intended to fund Hamas. The seized funds originated from fundraising addresses allegedly controlled by Hamas, which have been used since October 2024 to launder over $1.5 million in virtual currency.

ChainCatcher news, according to Cryptoslate, officials from the Central Investigation Bureau (CIB) of Thailand seized 63 illegal cryptocurrency mining machines worth approximately 2 million baht (60,000 USD) last Friday in three abandoned houses in Pathum Thani Province. Local residents complained about unidentified individuals stealing electricity from utility poles and transformers in the area, prompting officials to conduct a raid. Locals suspect that the stolen electricity was used for cryptocurrency mining operations hidden in the abandoned buildings.Investigators estimate that the stolen electricity from these three houses due to cryptocurrency mining is expected to cause losses of over 11 million baht (327,000 USD) to the electricity authority. Police stated that in addition to the mining equipment, three cryptocurrency mining controllers, three routers, three internet signal boosters, three modified electric meters, one desktop computer, one laptop, and two bank passbooks were also confiscated. Police discovered that this illegal operation was linked to a mansion in Ram-Indra Soi 65 in the Khan Na Yao district of Bangkok. CIB officials have applied for a search warrant to raid the relevant residences and locate the gang leader and other accomplices. Authorities pointed out that in addition to causing damage to the electricity department, the illegal mining equipment also poses a significant fire hazard, consuming a large amount of electricity without supervision.

ChainCatcher news, according to OnChain Lens monitoring, the Trump family's crypto project World Liberty Finance spent 100,000 USDC to buy 541,242 SEI 4 hours ago, at an average price of 0.18 dollars.Currently, the address holds 1,089,232 SEI, worth 206,000 dollars.

ChainCatcher news, according to Forbes, earlier this month, the U.S. Attorney's Office for the Western District of Texas ordered the seizure of just over 749 bitcoins, worth approximately $62.5 million. The order also involved hundreds of thousands of various currencies, as well as gold coins and bars.According to the U.S. Department of Justice, these assets are related to illegal activities carried out by two men, one of whom was a drug dealer on Silk Road, while the other assisted him in laundering cryptocurrency. They transferred bitcoins obtained through Silk Road transactions across multiple different accounts and exchanged bitcoins for cash via LocalBitcoins. Some of the funds ultimately flowed into the cryptocurrency exchange Gemini, which reported these deposits to law enforcement.This seizure indicates that, despite Silk Road founder Ross Ulbricht receiving a pardon the day after President Trump took office and now being a free man, those who sell drugs on dark web sites are still under investigation, and the U.S. government continues to pursue their illegal gains.

ChainCatcher news, according to Eliezer Ndinga, the strategy director at 21Shares, he believes that the U.S. government has two ways to increase its Bitcoin reserves. The first is by seizing Bitcoin from criminal proceeds, such as the 174,000 Bitcoins from the Silk Road case, which requires no additional spending; the second is to repurpose fines collected by cryptocurrency enforcement agencies (such as the SEC/CFTC) to purchase Bitcoin.

ChainCatcher news, White House AI and cryptocurrency chief David Sacks posted on social media that the executive order signed by President Trump also establishes a U.S. digital asset reserve, which includes digital assets other than Bitcoin seized in criminal or civil proceedings.Apart from assets obtained through the forfeiture process, the government will not acquire other assets for the reserve. The purpose of the reserve is to manage government digital assets under the leadership of the Treasury Department.

ChainCatcher news, according to official sources, the privacy blockchain project Seismic has announced the completion of a $7 million seed round financing, led by a16z Crypto, with participation from Polychain, 1kx, NGC, and dao5. Specific valuation information has not been disclosed, and the new funds will be used to build a private smart contract platform.According to the Web3 asset data platform RootData, Seismic is an interactive shielding protocol aimed at helping users collaborate in gaming, communication, and social networks. The Seismic protocol serves as a set of sequencers that can be inserted into any chain.

ChainCatcher news, according to TheMinerMag, the U.S. Customs and Border Protection (CBP) has begun releasing some of the Bitcoin mining machines that were previously detained at U.S. airports. Taras Kulyk, CEO of Synteq Digital, told Reuters that "thousands of mining machines" have been released, but Luxor COO Ethan Vera stated that not all mining machines have been cleared.Since September of last year, U.S. Customs has seized a large number of cryptocurrency mining machines, with initial reports indicating that CBP primarily targeted Bitmain's Antminer, but another Chinese mining machine manufacturer, Bgin, disclosed in its prospectus that over 2,400 of its devices were also seized.

ChainCatcher news, according to Reuters, U.S. authorities have recently begun to release some of the previously seized Chinese-made cryptocurrency mining machines. Industry insiders revealed that as many as 10,000 mining machines were held up at various entry ports in the United States.Taras Kulyk, CEO of Synteq Digital, stated that thousands of devices have been released, but he noted that some U.S. Customs and Border Protection (CBP) officials are making things difficult for the crypto industry, causing miners to face serious challenges.Although some mining machines have been released, Ethan Vera, COO of Luxor Technology, stated that most devices are still in a seized state. He also revealed that U.S. authorities had expressed concerns about the radio frequency emissions of the mining machines, but the industry generally believes these allegations are unfounded.

ChainCatcher news, according to Cryptonews, the Enforcement Directorate (ED) of India has chosen the cryptocurrency exchange CoinDCX to manage the seized digital assets. As part of the collaboration, CoinDCX will provide a secure custody infrastructure to store and manage the confiscated assets.Indian authorities have intensified their enforcement against cryptocurrency fraud, seizing assets worth nearly $200 million in the GainBitcoin and BitConnect scams.Assistant Director of the Enforcement Directorate, Parneet Kumar, stated that CoinDCX has cooperated during the seizure process, assisting the ED in the investigation and ensuring compliance with all legal requirements.

ChainCatcher news, Farcaster co-founder Dan Romero tweeted a prediction about crypto asset reserves: the government will only retain seized assets and will not make new purchases; Bitcoin will account for 80% of the reserves. XRP and ADA may be included in the reserves through physical tax payments or similar donations.

ChainCatcher news, the Central Bureau of Investigation (CBI) of India announced this week that it has seized cryptocurrencies and other key evidence worth ₹239.4 million (approximately $2.75 million) during a nationwide raid targeting the Gainbitcoin scam.The CBI conducted searches at over 60 locations in India from February 25 to 26, 2025, targeting individuals and entities suspected of money laundering fraud. Major cities involved in the operation included Delhi, Pune, Nanded, Kolhapur, Mumbai, Bangalore, Chandigarh, Mohali, Jhansi, and Hubli.

ChainCatcher news, according to Decrypt, the UK government has proposed a new bill that expands its powers to seize and destroy cryptocurrencies related to criminal activities. The new legislation aims to enhance law enforcement's ability to confiscate illegal crypto assets and return them to victims, while also strengthening the country's overall means to combat economic crime.In addition to expanding seizure powers, the bill also includes provisions to simplify asset recovery procedures, allowing law enforcement to recover stolen funds and return them to victims. The bill seeks to ensure that those responsible for crimes involving digital assets do not retain the benefits of their illegal activities.

ChainCatcher news, according to CoinDesk, the U.S. Department of Justice (DOJ) announced that Gotbit founder, 26-year-old Russian citizen Aleksei Andriunin, has been extradited from Portugal to the United States, facing charges of market manipulation and telecommunications fraud, with a maximum sentence of 25 years in prison.Andriunin was arrested in Portugal in October 2024 and was indicted by a Boston grand jury. The charges allege that from 2018 to 2024, Gotbit provided "market manipulation services" for cryptocurrency companies, helping clients inflate token trading volumes to raise prices, including for U.S. companies.Department of Justice documents indicate that Gotbit profited tens of millions of dollars from this business, and Andriunin personally transferred millions of dollars into his Binance account. He made his initial court appearance in Boston on Tuesday, with subsequent hearing dates yet to be determined.

ChainCatcher message, Ethereum co-founder Vitalik Buterin stated, "I strongly encourage researchers to participate in the Poseidon cryptanalysis program. We are seriously considering migrating Ethereum to the Poseidon hash to optimize zk-prover friendliness, so having more information about its security properties is of great value."The application deadline for the Poseidon funding program has been extended to March 15, 2025.

ChainCatcher news, according to the announcement from the U.S. Attorney's Office for the Southern District of New York (SDNY), SDNY, in collaboration with the Homeland Security Investigations San Diego (HSI San Diego), has successfully seized cryptocurrency assets related to the April 2021 Uranium Finance hacking incident, with a total value of approximately $31 million.Uranium Finance is a DeFi protocol deployed on the BNB Chain that suffered a hacking attack in 2021, resulting in a loss of about $50 million. SDNY stated that if any users believe they are victims of this hacking incident, they can contact the relevant department via email.