Financial lawyer Scott Johnsson: The U.S. government may be selling Bitcoin

2024-08-17 11:08:30

Collection

ChainCatcher news, financial lawyer Scott Johnsson stated on the X platform that the U.S. Marshals Service (USMS) is almost certainly selling the Bitcoin from Silk Road. According to the service agreement signed between USMS and Coinbase in June, USMS has been sending Bitcoin to the custodial addresses required by the agreement.

Given that the agreement requires USMS's assets to be kept completely segregated, once the transfers ultimately reach Coinbase Prime (or other mixed trading addresses), it can be determined that USMS has sold or is about to sell these Bitcoins.

The final sale situation will be confirmed at the latest in the report of the Department of Justice's asset forfeiture program for fiscal year 2024.

(Source Link)

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.