At the end of 2024, a US court authorized the Department of Justice to sell 69,370 bitcoins from "the largest cryptocurrency seizure in history."

At bitcoin's current price, just under $92,000, these bitcoins are worth nearly $6.4 billion, and crypto outlets are reporting that DOJ officials have said they're planning to proceed with selling off the assets consistent with the court's order. The DOJ had reportedly argued that bitcoin's price volatility was a pressing reason to push for permission for the sale.

Ars has reached out to the DOJ for comment and will update the story with any new information regarding next steps.

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At the end of 2024, a US court authorized the Department of Justice to sell 69,370 bitcoins from "the largest cryptocurrency seizure in history."

At bitcoin's current price, just under $92,000, these bitcoins are worth nearly $6.4 billion, and crypto outlets are reporting that DOJ officials have said they're planning to proceed with selling off the assets consistent with the court's order. The DOJ had reportedly argued that bitcoin's price volatility was a pressing reason to push for permission for the sale.

Ars has reached out to the DOJ for comment and will update the story with any new information regarding next steps.

Read full article

Comments

At the end of 2024, a US court authorized the Department of Justice to sell 69,370 bitcoins from "the largest cryptocurrency seizure in history."

At bitcoin's current price, just under $92,000, these bitcoins are worth nearly $6.4 billion, and crypto outlets are reporting that DOJ officials have said they're planning to proceed with selling off the assets consistent with the court's order. The DOJ had reportedly argued that bitcoin's price volatility was a pressing reason to push for permission for the sale.

Ars has reached out to the DOJ for comment and will update the story with any new information regarding next steps.

Read full article

Comments