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The U.S. government has a massive, secret stockpile of bitcoin — Here's what happens to it [Asset Seizures]
CNBC ^ | 19 December 2021 | MacKenzie Sigalos

Posted on 12/19/2021 7:46:25 AM PST by zeestephen

One of the next seizures up on the auction block is $56 million worth of cryptocurrencies that authorities confiscated as part of a Ponzi scheme case involving offshore crypto lending program BitConnect.

(Excerpt) Read more at cnbc.com ...


TOPICS: Chit/Chat
KEYWORDS: crypto

1 posted on 12/19/2021 7:46:25 AM PST by zeestephen
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So that’s what is REALLY in Fort Knox? Piles of bitcoins?


2 posted on 12/19/2021 7:55:09 AM PST by Rio
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To: zeestephen

During the seizure itself, multiple agents are involved to ensure proper oversight. That includes managers, who establish the necessary hardware wallets to secure the seized crypto.

“We maintain private keys only in headquarters so that it can’t be tampered with,” Koopman said.

We’re talking about the FBI. The very same agency which seems to conveniently lose inconvenient records.


3 posted on 12/19/2021 7:55:23 AM PST by Flick Lives
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To: zeestephen

Ponzi scheme? Will they now seize all of it?


4 posted on 12/19/2021 8:48:04 AM PST by Reno89519 (FJB. Respect America, Embrace America, Buy American, Hire American.)
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To: Rio

“So that’s what is REALLY in Fort Knox? Piles of bitcoins?”

indeed ... they have a special vault where you can see them during the tour ...


5 posted on 12/19/2021 8:55:41 AM PST by catnipman (Cat Nipman: Vote Republican in 2012 and only be called racist one more time!)
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To: Flick Lives

“We maintain private keys only in headquarters so that it can’t be tampered with,” Koopman said.”

The same FBI that “lost” the front door to the Branch Davidian compound in Waco. It weighed over 200 pounds.
The same FBI that shot a woman through the face while she was holding her baby at Ruby Ridge.
The same FBI that leaked Project Veritas’ privileged correspondence with their attorney to the New York Times.
The same FBI that put 4 innocent men in prison for life to protect a murderous mafia psychopath in Boston.
The same FBI that lied repeatedly to a FISA judge.
The same FBI that….

L


6 posted on 12/19/2021 9:00:36 AM PST by Lurker (Peaceful coexistence with the Left is not possible. Stop pretending that it is.)
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To: zeestephen

FBI-coin?
FIB-coin?
Ef-Bit-coin?
F-BItCoin?
There is really good money to be made in issuing a crypto-currency.
(Please make sure I get my 10% share of any of these; they are MY IDEAS. And “you didn’t build it”. LOL)


7 posted on 12/19/2021 9:37:09 AM PST by Honest Nigerian
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To: zeestephen

“ $56 million worth of cryptocurrencies that authorities confiscated as part of a Ponzi scheme”

Bitcoin itself is a scheme 🤪


8 posted on 12/19/2021 10:25:13 AM PST by NWFree (Somebody has to say it)
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To: Lurker

Good list. Thanks.


9 posted on 12/19/2021 10:46:27 AM PST by T Ruth (Mohammedanism shall be destroyed.)
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To: Lurker
Add this:

Ghislaine Maxwell Trial: Evidence from Jeffrey Epstein’s Safe Went Missing Following FBI Raid

10 posted on 12/19/2021 10:48:53 AM PST by T Ruth (Mohammedanism shall be destroyed.)
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To: NWFree

Yup. I bought a new truck last year with that scheme. I am gonna buy a vacation house this year with that scheme.


11 posted on 12/19/2021 1:55:48 PM PST by Vermont Lt
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