The U.S. government wants to sell seized bitcoin from dark network dealers

nRunaway Comment: The U.S. government has obtained the approval of a federal judge in Utah to sell 513 bitcoins seized from dark-net trader Aaron Michael Shamo and other 512-bit cash. In December last year, Shamo and others were officially convicted. Just last October, it was revealed that after the closure of Silk Road, the U.S. government sold 144,336 bitcoins for $ 336. If these bitcoins have been held until now, the value of up to 2.4 billion US dollars.n
nTranslation: Clovern
513 bitcoin, 512 bit cashn
Aaron Michael Shamo was recently arrested and the U.S. government is expected to sell all its encrypted assets, including nearly $ 10 million in bitcoins and bitcoin (BCH).n
On December 31, 2017, dark network operators such as Shamo and Drew Wilson Crandall, Mario Anthony Noble and Sean Michael Gygi were found guilty of conspiracy to distribute controlled goods, assisting in the importation of such controlled goods, adulteration of drugs, drug trafficking by the United States Postal Service , Plotting money laundering, and currency transactions in property designated for illegal activities.n
The dark network operators were not only found guilty of the FBI allegations made above, at the same time, their holdings of bitcoin and bit cash was also confiscated by the government, and was transferred to custody of the US Marshals (USMS).n
The U.S. government, however, is very worried about the highly fluctuating prices of these encrypted assets and has said it would rather hand these currencies as soon as possible. In addition, the U.S. government also said it would be quite costly to keep these confiscated assets safely in the formal court documents issued and approved by Utah District Judge Dale A. Kimball.n
These assets (BTC and BCH) have now been forfeited and are under the supervision and control of the United States Marshals. USMS will receive a custodial fee of $ 465 per month. So far, the custodial fees for these two assets have reached 5010.70 dollars.n
U.S. government lost 2.36 billion U.S. dollars?n
Last October, it was revealed that after the closure of Silk Road, the U.S. government sold 144,336 bitcoins for $ 336. The total price of confiscated assets is 48.5 million U.S. dollars. However, if the U.S. government patiently holds these assets, these assets will amount to 2.4 billion U.S. dollars at current values.n

In the coming weeks, the U.S. government is expected to sell 513 BTC and 512 BCH for nearly $ 9.4 million.n

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