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Tuesday, February 08, 2022

Justice Department Seizes Over $3.6 Billion Worth of Bitcoin Linked to Bitfinex Hack

https://dailyhodl.com/2022/02/08/justice-department-seizes-over-3-6-billion-worth-of-bitcoin-linked-to-bitfinex-hack/

The U.S. Justice Department has seized $3.6 billion worth of Bitcoin, marking the largest seizure of cryptocurrency of all time and the biggest financial seizure ever.

In a statement, the Justice Department says it seized over 119,754 BTC from 34-year-old Ilya Lichtenstein, and his wife, 31-year old Heather Morgan.

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It would be in the best interest for the US government to hold the 94,000 Bitcoin and not auction it off.  The US government will be the last to actually buy Bitcoin because it would send a signal the US Dollar is failing.  

At least now they can hold without actually buying BTC. 

In you're case Stack the Sats, ASSETS.

I guess Bitcoin chose to be uncorrelated from everything today.




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