WHY $BTC CRASH ? - Read below👇
Why BTC Crash??? ———
LET ME TELL YOU 👇👇👇
#OnChainLendingSurge
Recently a statement 👇
from Chief U.S. District Judge RICHARD SEEBORG gave green light to US GOVERNMENT to liquidate 69,000 $BTC worth of 6.5 Billion dollars from silk road……
DOJ Cleared to Sell $6.5 Billion in Bitcoin Seized From Silk Road
A federal judge ruled December 30 that the DOJ can sell 69,370 Bitcoin seized from the Silk Road darknet marketplace, officials confirmed
A years-long ownership dispute over the seized Bitcoin ended after Battle Born Investments lost its bid to delay the sale. The group had claimed ownership through a bankruptcy estate and recently lost a related FOlA case seeking to reveal the identity of "Individual X" who originally surrendered the Bitcoin.
Battle Born's attorney called it "another egregious example of the DOJ's abuse of the Civil Asset Forfeiture process," claiming the government "relied on procedural trickery to make sure the facts are never heard."
The DOJ cited Bitcoin's price volatility in pushing for permission to sell the assets. When asked about next steps, a DOJ spokesperson said "The Government will proceed further consistent with the judgment in this case."
The seized Bitcoin is currently valued at approximately $6.5 billion.
Current Status—
Right now $BTC is experiencing hard days and currently at $92.841 with one day loss of around 2.35% and still decreasing
Future Predictions????
Nothing but $BTC will roar 🦁 again.
Disclaimer - DYOR
FOLLOW FOR MORE - @Square-Creator-992adb78108b - @CRYPTO-RAIDER - @Bank_Crypto - @NoobieCrypto - @Brun0x
LET ME TELL YOU 👇👇👇
#OnChainLendingSurge
Recently a statement 👇
from Chief U.S. District Judge RICHARD SEEBORG gave green light to US GOVERNMENT to liquidate 69,000 $BTC worth of 6.5 Billion dollars from silk road……
DOJ Cleared to Sell $6.5 Billion in Bitcoin Seized From Silk Road
A federal judge ruled December 30 that the DOJ can sell 69,370 Bitcoin seized from the Silk Road darknet marketplace, officials confirmed
A years-long ownership dispute over the seized Bitcoin ended after Battle Born Investments lost its bid to delay the sale. The group had claimed ownership through a bankruptcy estate and recently lost a related FOlA case seeking to reveal the identity of "Individual X" who originally surrendered the Bitcoin.
Battle Born's attorney called it "another egregious example of the DOJ's abuse of the Civil Asset Forfeiture process," claiming the government "relied on procedural trickery to make sure the facts are never heard."
The DOJ cited Bitcoin's price volatility in pushing for permission to sell the assets. When asked about next steps, a DOJ spokesperson said "The Government will proceed further consistent with the judgment in this case."
The seized Bitcoin is currently valued at approximately $6.5 billion.
Current Status—
Right now $BTC is experiencing hard days and currently at $92.841 with one day loss of around 2.35% and still decreasing
Future Predictions????
Nothing but $BTC will roar 🦁 again.
Disclaimer - DYOR
FOLLOW FOR MORE - @Square-Creator-992adb78108b - @CRYPTO-RAIDER - @Bank_Crypto - @NoobieCrypto - @Brun0x
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
106,365.58
+0.78%