US Seeks Forfeiture of 20.2 BTC From Chaos Ransomware Group to Potentially Boost Strategic Bitcoin Reserve
Main Idea
The US government is seeking to forfeit 20.2 Bitcoin seized from the Chaos ransomware group to bolster its Strategic Bitcoin Reserve, amid discrepancies in reported government-held Bitcoin totals.
Key Points
1. The Dallas FBI seized 20.2 BTC linked to the Chaos ransomware group, and the US government is pursuing its forfeiture.
2. Blockchain analytics firms estimate the US government holds approximately 198,012 BTC, but a FOIA request revealed the USMS holds only 28,988 BTC, indicating discrepancies due to holdings by other agencies.
3. At least 30 US states have introduced legislation to establish Bitcoin strategic reserves, with some states like Arizona, Texas, and New Hampshire passing related laws.
4. The US government's Strategic Bitcoin Reserve aims to manage and utilize seized Bitcoin assets, reflecting a strategic effort in the evolving crypto landscape.
Description
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