Express

New Jersey's Monmouth County Made 300% Of Profits From Liquidating Seized BTC

Mary Liu

Summary: According to a report from NBC, the Monmouth County Attorney's Office in New Jersey announced that the Bitcoin assets confiscated in 2018 have been liquidated with a tripled value of $19.8K. At the time of seizing, the value was about $57K. The authorities said these BTC were seized during the illegal narcotics distribution case in ...

According to a report from NBC, the Monmouth County Attorney's Office in New Jersey announced that the Bitcoin assets confiscated in 2018 have been liquidated with a tripled value of $19.8K. At the time of seizing, the value was about $57K.

The authorities said these BTC were seized during the illegal narcotics distribution case in 2018, and they were profits derived from illegal drug sales. Another seizure case by the authorities has not yet been liquidated. It is a batch of confiscated cryptocurrencies valued at over $200,000 in 2017 and is now worth more than $1.25 million.

By Mary Liu

Last Update:

Tags:
Link: New Jersey's Monmouth County Made 300% Of Profits From Liquidating Seized BTC   [Copy]
  • From Data Rights to Digital Property: Whistleblower Brittany Kaiser on Blockchain, RWA,... 5 days ago
  • The Base Chain's Ascent: How Deep Coinbase Integration and JPMorgan's Pilot Are Reshapi... 11 days ago
  • Tether in Trouble? U.S. Senate Just Passed a Law That Could Dethrone the $155B Stableco... 14 days ago
  • Justin Sun's Nasdaq Gamble: How Six Years Forged Ties with the Trump Family 15 days ago
  • The Crypto IPO Wave: From Fringe to Front Page 18 days ago
  • You need to login to comment.