December 19, 2021

The U.S. government has a massive, secret stockpile of bitcoin — Here’s what happens to it

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The US government regularly holds auctions for its stockpile of bitcoin, ethereum, litecoin and other cryptocurrencies it seizes. Tracking where all the money goes isn’t a straightforward process, according to Alex Lakatos, a partner with Washington DC law firm Mayer Brown who advises clients on forfeiture.

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