The US government seized 3,940 BTC from drug dealers
Blockchain data tracking company Arkham has stated that the US government has seized $250 million worth of BTC, currently being held by Arkham. The US government obtained 3,940 BTC from drug dealer Banmeet Singh and seized them during a trial in January 2024. According to court documents, Singh was responsible for selling controlled substances on the dark web market from 2012 to 2017 and distributing them throughout the United States. The statement from the Department of Justice (DOJ) and court documents match the on-chain flow of funds already added to our US government entity.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
New Hampshire and North Dakota Latest U.S. States to Propose Bitcoin Reserves
In New Hampshire, the bill was introduced by Representative Keith Ammon, a Republican from the 40th District.
SHIB Price: Up or Down in the Next 30 Days?
XLM Price Prediction: New 2025 Stellar Price ATH?
Bitcoin Price: Key Analysis and Predictions for the Upcoming Weeks
Trending news
MoreCrypto prices
More
