The blockchain analytics firm Arkham has indeed identified a significant amount of Bitcoin that was seized by the U.S. government.
Here are the key details:
3.94K BTC Seized: The U.S. authorities confiscated approximately 3,940 BTC, valued at around $251 million, from a convicted drug dealer.
Total Holdings: Following this seizure, the U.S. government’s total Bitcoin holdings have reached about 216.788K BTC, which is estimated to be worth $13.82 billion.
Source of Seizure: The majority of these holdings come from criminal seizures, highlighting the government’s efforts in combating illegal activities related to cryptocurrencies.
This case underscores the growing role of blockchain analytics in law enforcement and the significant impact of cryptocurrency seizures on government assets.
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