tldr; The US Treasury is moving to seize $12 billion in Bitcoin from Cambodia’s Prince Group, linked to pig-butchering scams and money laundering. Sanctions have also been imposed on the Huione Group for facilitating illicit activities. If the Treasury gains ownership of these assets, they could bolster Trump’s Strategic Reserve, though restitution claims from defrauded victims may complicate this. The Prince Group’s operations reportedly involved severe crimes, highlighting the scale of crypto-related fraud and its impact on federal holdings.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Cool-Cow9712 on
Don’t you worry, Tiffany Trump will manage manage those assets appropriately.
ThinCrusts on
Into Barron’s wallet to swing the market a lil more.
Why 12$B when they can leverage with it, post a few tweets, and make it 20$B instead?
Oceanbreeze871 on
This will be come part of the Trump family slush fund.
Kontrav3rsi on
Make sure you pay every penny of your taxes or guess who is going to “not pay to create a crypto reserve”.
Yup. It’s like that.
GoofyGensch on
They will use it to pay the troops and other federal employees so they can keep the government shut down longer
Ckn65 on
My wild hypothesis: They’re going to use crypto to soak up loss on the USD index and then pull ths rug.
Few-Preparation3 on
Trump will stick it in his sovereign fund to bypass congress
JeopardyQBot on
„we won’t sell confiscated bitcoin“ is all fun and games until suddenly it’s tens of billions of dollars
Jacmac_ on
The US will hold on to all siezed cryptos that are included in the crypto reserve list. The US will put a new focus on trying to sieze as much crypto as they can.
KIG45 on
Can someone explain by what right exactly the US is confiscating these bitcoins?
Schlawinuckel on
In a just justice system, the victims should get their crypto back! But the US will probably choose to do something else with it.
pcm2a on
Maybe it will be used to pay some federal workers over the next 24 months during the longest shutdown in history. Let’s go! Cancel your flights.
Advanced-Guard-4468 on
They will add it to the strategic reserve like they have been doing.
_your_land_lord_ on
K but how? I thought one of the points is it can’t be forcefully taken.
3ZP0 on
These are stolen funds. They should be paid back to the victims as restitution.
not420guilty on
They could RETURN IT. But no…
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19 Kommentare
they will add it to the brand new reserve
They will add it to Barron’s fortune.
tldr; The US Treasury is moving to seize $12 billion in Bitcoin from Cambodia’s Prince Group, linked to pig-butchering scams and money laundering. Sanctions have also been imposed on the Huione Group for facilitating illicit activities. If the Treasury gains ownership of these assets, they could bolster Trump’s Strategic Reserve, though restitution claims from defrauded victims may complicate this. The Prince Group’s operations reportedly involved severe crimes, highlighting the scale of crypto-related fraud and its impact on federal holdings.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Don’t you worry, Tiffany Trump will manage manage those assets appropriately.
Into Barron’s wallet to swing the market a lil more.
Why 12$B when they can leverage with it, post a few tweets, and make it 20$B instead?
This will be come part of the Trump family slush fund.
Make sure you pay every penny of your taxes or guess who is going to “not pay to create a crypto reserve”.
Yup. It’s like that.
They will use it to pay the troops and other federal employees so they can keep the government shut down longer
My wild hypothesis: They’re going to use crypto to soak up loss on the USD index and then pull ths rug.
Trump will stick it in his sovereign fund to bypass congress
„we won’t sell confiscated bitcoin“ is all fun and games until suddenly it’s tens of billions of dollars
The US will hold on to all siezed cryptos that are included in the crypto reserve list. The US will put a new focus on trying to sieze as much crypto as they can.
Can someone explain by what right exactly the US is confiscating these bitcoins?
In a just justice system, the victims should get their crypto back! But the US will probably choose to do something else with it.
Maybe it will be used to pay some federal workers over the next 24 months during the longest shutdown in history. Let’s go! Cancel your flights.
They will add it to the strategic reserve like they have been doing.
K but how? I thought one of the points is it can’t be forcefully taken.
These are stolen funds. They should be paid back to the victims as restitution.
They could RETURN IT. But no…