Prosecutors Are Planning to Sell Millions of Dollars Worth of Seized Bitcoin

Share:

Listens: 0

Slate Technology – Spoken Edition

Technology


Prosecutors got approval from a federal judge in Utah to sell more than 513 bitcoins and 512 bitcoin cash they had seized from a man allegedly running a counterfeit pharmaceuticals ring on the darknet, Ars Technica reports. The cryptocurreny was taken from Aaron Shamo, who was arrested a year ago. At current prices, the bitcoins would be worth more than $8 million, while the bitcoin cash would sell for almost $1 million. The U.S.