How many bitcoins are stored by the US authorities

The US Federal Marshals Service has 28,988 BTC – this is significantly less than previously expected. Information became known from the response to a request for Foiawho was served by a journalist under the nickname L0la L33TZ.

She acted as part of the task from the chairman of Bitcoin Magazine David Bailey, who promised $ 10,000 for confirming the volume of the first cryptocurrency on the balance sheet of the government.

L0la L33TZ explained the difference between the arrested and confiscated assets. The service of the federal marshals disposes of exactly the seized coins – those who, by decision of the court, went into state property. Only these assets can sell.

According to her, the popular onchain trackers often give inaccurate data, as they also take into account the arrested bitcoins. These assets can be managed by departments like FBIbut you cannot sell them to the verdict of the court.

As an example, L0la L33TZ led 94,000 BTC from breaking the Bitfinex exchange. Trackers attribute them to the government, but the decision to confiscate in the case has not yet been issued. This means that the fears of the market about the possible sale of coins are premature.

The Marshals service implements assets through public auctions. While the department has not announced a new sale, all 28 988 BTC remain on its balance.

Earlier, ARKHAM identified the wallets of the US government, which stores bitcoins for ~ $ 23.5 billion.

The news caused criticism from supporters of the accumulation of digital gold. Senatorka Cynthia Lammis called the situation a “strategic mistake.”

“I have been alarmed by reports that the United States sold more than 80% of its reserves. If this is true, it throws the country in years ago in Bitcoin-Gonka, ”she said.

In March, the President of the United States, Donald Trump, instructed the working group in cryptocurrencies to consider the creation of a national stock of digital assets.

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Source: Cryptocurrency

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