đ„US Government Announces Plans to Dispose of $117 Million in Seized Bitcoin
The US government has filed a notice announcing its intention to dispose of approximately $117 million worth of #bitcoins , which were seized from criminal activities.
In total, the government is seeking to sell about 2,871 #BTC that were confiscated from an individual in 2021. An additional 59 BTC were also reportedly seized under similar circumstances.
Separately, in December last year, a US appeals court finalized an order formalizing the forfeiture of 69,370 BTC connected to the now-defunct darknet marketplace. Market observers are closely watching what happens to these Bitcoins.
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