Over the past decade or so, countries around the world have resorted to seizing cryptocurrencies. The United States government stands at the forefront, boasting crypto holdings of almost $15.27 billion.Silk Road is perhaps the most infamous case where the US government seized approximately 144,336 BTC in 2013. Silk Road was an online black market known for facilitating the sale of drugs and other illegal goods using Bitcoin.
Three years later, the US Department of Justice seized approximately $3.6 million worth of Bitcoin as part of an investigation into alleged money laundering and fraud involving the cryptocurrency exchange Bitfinex and its affiliated stablecoin issuer, Tether. Meanwhile, the German government currently possesses 49.859k BTC, with an approximate value of $3.53 billion.
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