Earlier today, a social media post claiming that the US government had sold $75 million worth of Bitcoin gained attention on the X social media platform.
However, as Alex Thorne, Galaxy Digital’s head of company-wide research, explained, the posts in question were “fake news.”
confiscated coin
According to analysts, this transfer actually us. The government has convicted Sergei Potapenko and Igor (Ivan) Turogin for the Hashflare mining fraud.
The two Estonian nationals were involved in a fraudulent scheme called HashFlare, which was actively promoted as a cryptocurrency mining service.
They were selling “mining contracts” without actually having enough computing power to deliver on their promises. Instead, they were presenting false restitution to victims.
Investors raised nearly $600 million, and the couple used the money for personal wealth, including luxury cars and jewelry.
The scammers of the time declared He was sentenced to 16 months in prison and had $450 million worth of assets, including cryptocurrencies, real estate and vehicles, confiscated.
The US government began legal proceedings to confiscate the assets in question in August.
Thorne claims that the transfer to the wallet came after the final forfeiture order, meaning the government officially owns these coins (which is the opposite of a sale).
