SEBA Bank Launches Its Own Crypto Gold Token
U.S. government has a massive, secret stockpile of bitcoin
The U.S. government has a massive, secret stockpile of bitcoin — Here’s what happens to it
The U.S. government regularly holds auctions for its stockpile of bitcoin, ethereum, litecoin and other cryptocurrencies it seizes.
Auctions kicked off in a big way with the 2013 takedown of Silk Road, a dark web marketplace that traded in illegal goods.
“It could be 10 boats, 12 cars, and then one of the lots is X number of bitcoin being auctioned,” said Jarod Koopman, director of the Internal Revenue Service’s cybercrime unit.
“I don’t believe there’s any one place that has all the crypto that the U.S. Marshals are holding, let alone the different states that may have forfeited crypto. It’s very much a hodgepodge,” said Lakatos. “I don’t even know if someone in the government wanted to get their arms around it, how they would go about doing it.”