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US Will Sell $117M in Bitcoin Seized from Silk Road Drug Trafficker
- chrsw 3y agoWhat will the US spend this money on?
- tcmart14 3y agoI'm hoping for blackjack, hookers, and booze personally.
- shortrounddev2 3y agoWill this have an impact on the price of bitcoin?
- josefresco 3y agoMy thought as well. Bitcoin is up ~73% year-over-year.
- wmf 3y agoNo, people are already selling hundreds of millions worth per day.
- houseatrielah 3y agoThe 200,000 mtgox coins are entering av supply
- josefresco 3y ago> Farace forfeited just 24 Bitcoin in 2020, claiming that he no longer had access to additional funds. But while incarcerated in 2020, Ryan Farace instructed his father Joseph to transfer 2,874 Bitcoin to a third party accomplice to move the funds out of the United States. The pair admitted such actions in their plea agreements. Ryan was indicted for the charges in 2021. > Ultimately, Ryan Farace was sentenced to an additional 54 months in federal prison on January 5, while Joseph Farace was sentenced to 19 months in federal prison on January 8, with two years of supervised release to follow. I'm sure that's all of it /s. How long will he remain under the watchful eye of the US government?