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]
  • The GENIUS Act & Stablecoin Regulation: BRG's Dominic Zagara on Crypto's Defining ... 20 hours ago
  • Bitcoin Weekly Analysis: Volume-Price Divergence and High-Level Consolidation Anticipat... 4 days ago
  • Will Introduction of the Stablecoin Act Trigger a Financial Tsunami? 5 days ago
  • Trump Just Opened the Floodgates: What Happens When $9 Trillion in Retirement Money Hit... 8 days ago
  • US Crypto Stash Shock: Marshals' Low BTC Count Fuels 'Secret Sale' Debate, Ignites Buyb... 9 days ago
  • You need to login to comment.