U.S. Government Selling Seized Bitcoins For Big Profits

The United States government has been granted permission to sell off hundreds of units of cryptocurrency seized by law enforcement from a man alleged to have sold counterfeit pharmaceuticals on the dark web.

The move to sell off the seized assets was approved by a federal judge in Utah after a recent filing from a U.S. attorney noted the volatility of cryptocurrency markets and said the confiscated coins may not hold their value in the long term.



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