Primarily based on March 31 in a court docket assertion, the US authorities introduced that on March 14 offered 9,861.17 Bitcoins for 215.7 million
Based on the court docket doc, the BTC offered was a part of 51,351 seized from James Zhong. Zhong pleaded responsible to wire fraud after the federal government arrested him for illegally acquiring digital property from the darkish web market Silk Highway by way of a hack.
in 2022 the federal government sought to have Zhong confiscate BTC.
U.S. authorities stated it paid $215,738 in transaction charges on web proceeds of $215.52 million. USD.
In the meantime, the federal government added that it plans to liquidate the steadiness of greater than 40,000 Bitcoins in 4 batches this calendar 12 months. Nevertheless, it won’t be offered till Zhong’s sentencing date.
March 8 The US authorities moved 49,000 Bitcoin
Nevertheless, in March, the worth of BTC rose to over $29,000 on March twenty ninth. Over the previous 30 days, BTC has gained greater than 22%.
