{"id":143790,"date":"2024-12-03T08:00:50","date_gmt":"2024-12-03T06:00:50","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=143790"},"modified":"2024-12-02T23:51:23","modified_gmt":"2024-12-02T21:51:23","slug":"u-s-shifts-seized-1-9-billion-in-bitcoin-to-coinbase-wallet","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/u-s-shifts-seized-1-9-billion-in-bitcoin-to-coinbase-wallet\/","title":{"rendered":"U.S. Shifts Seized $1.9 Billion in Bitcoin to Coinbase Wallet"},"content":{"rendered":"
This significant transaction<\/a><\/strong>, involving nearly 19,800 BTC<\/a><\/strong>, stems from cryptocurrency confiscated in 2021 during an investigation into James Zhong\u2019s Silk Road-related activities. Zhong was convicted of wire fraud after authorities uncovered Bitcoin stored in unusual hiding spots, such as a popcorn tin.<\/p>\n The Department of Justice previously announced seizing over 50,000 BTC from Zhong, with the government still retaining an estimated $18 billion in Bitcoin. While the purpose of the latest transfer remains unclear, some speculate it could signal a plan to sell or repurpose the funds.<\/p>\n Proposals like Senator Cynthia Lummis\u2019 idea of a national Bitcoin reserve have also gained attention, especially with President-elect Donald Trump expressing interest in strategic crypto measures.<\/p>\n