Cryptocurrency Market

Cryptocurrency Market

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  • Market Cap: $2,425,389,926,722.30
  • 24h Vol: $61,102,931,072.84
  • BTC Dominance: 56.53%

James Zhong

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US Government Plans to Sell Over 41,000 Bitcoins Confiscated from Silk Road Hacker

Leave a Comment / Analytics, Asset, Auction, Bitcoin, bitcoin sale, Blockchain, BTC, Coinbase, confiscation, Criminal Investigation, Crypto Hacked, Cryptocurrency, Currency, dark web, Digital, Ethereum, Exchange, Fed sale, financial, forfeiture, Fraud, glassnode, James Zhong, Liquidation, Marketplace, News, prosecution, Seizure, sentencing, Silk Road, Ulbricht, US government, Wire Fraud / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

According to a court document filed on March 31, 2023, regarding the sentencing of James Zhong, who stole over 50,000 bitcoin from the Silk Road marketplace, the U.S. government plans to liquidate 41,490 bitcoin “over the course of this calendar year.” U.S. Government Discloses Strategy for Selling Confiscated Bitcoin The U.S. government, one of the […]

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US Government Remains a Top Bitcoin Holder With Seized Stash Valued at $5.6 Billion

Leave a Comment / Binance, Bitcoin, BitFinex, Blockchain, BTC, BTC holdings, Coinbase, confiscated, Crypto, crypto assets, Crypto Hacked, crypto market, crypto wallet, Cryptocurrency, Decentralized, Digital Currency, Ethereum, Exchanges, FBI, forfeiture, Gov. Bitcoin, Government Bitcoin, Government Holdings, grayscale, James Zhong, Law Enforcement, microstrategy, Mt Gox, News, on-chain data, seized, Silk Road, silk road hacker, Stash of BTC, U.S. Government, Virtual Currency, Whales / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

As of March 25, 2023, the U.S. government held 205,515 bitcoins worth $5.6 billion, which is approximately 1.06% of the circulating supply, according to current statistics. The cache of bitcoins is a result of three forfeitures that began in 2020. Glassnode’s on-chain data reveals that on March 9, about 9,860 bitcoins worth roughly $269 million

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