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Reading: No, the US government does not sell Bitcoin
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© 2025 All Rights reserved | Powered by All News Bitcoin
Bitcoin

No, the US government does not sell Bitcoin

October 18, 2025 2 Min Read
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Earlier at present, a social media publish claiming that the US authorities had offered $75 million price of Bitcoin gained consideration on the X social media platform.

Nonetheless, as Alex Thorne, Galaxy Digital’s head of company-wide analysis, defined, the posts in query have been “pretend information.”

confiscated coin

In keeping with analysts, this switch really us. The federal government has convicted Sergei Potapenko and Igor (Ivan) Turogin for the Hashflare mining fraud.

The 2 Estonian nationals have been concerned in a fraudulent scheme known as HashFlare, which was actively promoted as a cryptocurrency mining service.

They have been promoting “mining contracts” with out really having sufficient computing energy to ship on their guarantees. As a substitute, they have been presenting false restitution to victims.

Traders raised almost $600 million, and the couple used the cash for private wealth, together with luxurious automobiles and jewellery.

The scammers of the time declared He was sentenced to 16 months in jail and had $450 million price of belongings, together with cryptocurrencies, actual property and autos, confiscated.

The US authorities started authorized proceedings to confiscate the belongings in query in August.

Thorne claims that the switch to the pockets got here after the ultimate forfeiture order, which means the federal government formally owns these cash (which is the other of a sale).

See also  Despite record transaction counts, a slump in Bitcoin finance company purchase volume
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Reading: No, the US government does not sell Bitcoin
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