The Bitcoin was initially seized from narcotics trafficker Banmeet Singh and forfeited at trial in January 2024.
The U.S. authorities has transferred roughly 3,940 Bitcoin, valued at $241.22 million, to Coinbase Prime. This switch occurred a day after receiving judicial approval to promote the cryptocurrency.
The Bitcoin was initially seized from narcotics trafficker Banmeet Singh and forfeited at trial in January 2024.
The U.S. authorities presently holds 213,546 Bitcoin, value roughly $13.07 billion. The switch has led to continued promote stress out there and might be dealt with by Coinbase Institutional.
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