US Lost Billions by Selling Seized Bitcoin, Claims Crypto Czar
- The US government sold nearly 195,000 BTC over ten years for $366 million.
- Crypto Czar David Sacks claims these Bitcoins would be worth over $17 billion today.
- Major seizures included nearly 170,000 BTC from Silk Road in 2013.
- An additional 69,370 BTC and 50,000 BTC were seized in connection with the Silk Road project in later years.
- The U.S. Marshals Service managed the auctions of confiscated Bitcoin assets.
Sacks argues that selling seized Bitcoins without a long-term strategy cost American taxpayers significantly, as these assets could have grown to a value exceeding $17 billion.
Source (2.6)https://coingape.com/crypto-czar-reveals-how-much-the-us-has-lost-from-bitcoin-sales/?rand=24432
