DOJ Seizes $15 Billion in Bitcoin
The Department of Justice (DOJ) has executed the largest digital asset seizure in history, targeting $15 billion in Bitcoin linked to transnational scams.
The cryptocurrency world received a massive reality check from the U.S. with this legal action of historic proportions.
- Initial reports cited approximately 250,000 Bitcoins.
- Subsequent court filings confirmed the seizure of roughly 127,000 Bitcoins.
- The seized Bitcoins are valued at $15 billion at the time of the announcement.
The cryptocurrency world, often vaunted as an ungovernable frontier of anonymous transactions, just received a massive reality check from the U.S.
This operation represents the largest digital asset seizure effort ever undertaken by the U.S.
Author's summary: DOJ seizes $15 billion in Bitcoin.