Bitcoin‌ ‌seizures‌ ‌grew‌ ‌by‌ ‌170,000%‌ ‌in‌ ‌2021‌ ‌from‌ ‌2019,‌ ‌ says‌ ‌IRS‌ ‌Director‌

Twitter icon  •  Published il y a 2 ans  •  Hassan Maishera

The United States government has seized $1.2 billion worth of cryptocurrencies since the start of 2021

Jarod Koopman, director of the Internal Revenue Service’s cybercrime unit, told CNBC that the United States government had seized 170,000% more crypto this year than it did in 2019. He said, “In the fiscal year 2019, we had about $700,000 worth of crypto seizures. In 2020, it was up to $137 million. And so far in 2021, we’re at $1.2 billion.”

The United States government has auctioned off bitcoins in the past, usually at undervalued prices. The government is expected to auction off $56 million worth of cryptocurrencies that authorities confiscated as part of the BitConnect case.

Bitcoin is down by more than 3% today and continues to struggle below the $50k level in recent weeks.

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.