US Prosecutors Rush to Sell Bitcoin Confiscated in Drug Bust

in bitcoin •  7 years ago 

"At the time of his arrest, the authorities seized $500,000 worth of Bitcoin from Shamo. Due to Bitcoin’s substantial growth this year, the confiscated sum is now worth $8.5 mln."Bitcoin wallet Utah.jpg

WOW.... That's a lot of money right now.

"Similar scenarios around the world
Earlier this week, Cointelegraph reported that Bulgarian authorities had also seized a massive amount of Bitcoin from a criminal investigation. In that case, the European country had struck ‘digital gold,’ with over 200,000 Bitcoin confiscated, equal to roughly $4 bln or one-fourth of the country’s national debt."

For more info click link below

https://cointelegraph.com/news/us-prosecutors-rush-to-sell-bitcoin-confiscated-in-drug-bust

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