2 years ago
The United States authorities said it sold 9,861.17 Bitcoin connected March 14 for $215.7 million, according to a March 31 tribunal filing.
According to the tribunal document, the sold BTC was portion of the 51,351 seized from James Zhong. Zhong pleaded blameworthy to ligament fraud aft the authorities arrested him for unlawfully obtaining integer assets from the acheronian nett marketplace Silk Road done hacking.
In 2022, the authorities sought the forfeiture of the seized BTC from Zhong.
The U.S. authorities said it paid $215,738 arsenic transaction fees portion it has nett proceeds of $215.52 million.
Meanwhile, the authorities added that it plans to liquidate the implicit 40,000 Bitcoin equilibrium successful 4 batches during this calendar year. However, it would not marque further income until Zhong’s sentencing date.
On March 8, the U.S. authorities moved 49,000 Bitcoin
However, BTC’s terms has gone from spot to spot successful March, rising to implicit $29,000 connected March 29. In the past 30 days, BTC has gained much than 22%.
The station U.S. authorities sold implicit 9k BTC for $215.7M connected March 14 appeared archetypal connected CryptoSlate.
English (US) 