US government holds $36 billion in Bitcoin after largest-ever forfeiture action
Key Takeaways
- The US government now holds more than $36 billion in Bitcoin, much of it seized from criminal activities.
- Federal authorities, under Trump, have taken a strategic approach to managing seized Bitcoin, treating it as a digital reserve rather than liquidating it.
The US government’s Bitcoin holdings have climb to roughly $36 billion following the seizure of 127,271 BTC worth more than $14 billion at current prices.
The assets were confiscated as part of a Department of Justice forfeiture action linked to an indictment against Chen Zhi, chairman of Cambodia’s Prince Group. Prosecutors allege the conglomerate operated forced-labor scam compounds tied to global crypto investment fraud schemes.
The seized Bitcoin, said to come from the scam proceeds, is now part of the DOJ’s biggest-ever forfeiture case. A DOJ official confirmed to DB that the funds are in custody.
According to data from Arkham Intelligence, a US government-linked wallet currently controls about 197,354 BTC, valued at $22 billion. With the latest seizure, the total amount of Bitcoin held by the government is nearing 325,000 BTC.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Powell’s Dovish Tone: The Federal Reserve Steps onto the Balance Beam

AiCoin Daily Report (October 15)

Who is the culprit behind the liquidation of 1.6 million people?
It's not USDe depegging, nor Binance disconnecting, but rather market makers collectively acting maliciously?

Trending news
MoreCrypto prices
More








