US seeks to claim $2.4M in Bitcoin seized from ransomware group
Main Idea
The US is seeking forfeiture of 20.2 BTC seized from the Chaos ransomware group, while discrepancies exist regarding the total Bitcoin holdings of the US government.
Key Points
1. The US filed a civil complaint to forfeit $2.4 million in Bitcoin seized by the Dallas FBI from the Chaos ransomware group on April 15.
2. Estimates suggest the US government holds 198,012 BTC from various seizures, but conflicting reports indicate the US Marshals Service holds only 28,988 BTC.
3. Blockchain analytics firm Arkham claims the US government holds at least 198,000 BTC and has not moved the tokens for four months.
4. At least 30 US states have introduced laws related to cryptocurrency, but only Arizona, Texas, and New Hampshire have passed them as of July 29.
Description
The US is seeking the forfeiture of 20.2 BTC seized by the Dallas FBI from the Chaos ransomware group, adding to the country’s proposed Strategic Bitcoin Reserve.
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