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Saturday, November 28, 2020

Chinese Police Seize 1% of Bitcoin’s Total Supply

 Crypto assets worth more than $4.2 billion have been seized by Chinese police over the PlusToken Ponzi scheme.


In addition, they have also seized over 830,000 ETH, 1.4 million LTC, 27 million EOS, 74,000 DASH, 487 million XRP, 6 billion DOGE, 79,000 BCH, and 213,000 USDT

at

6 comments:

  1. Peter PanNovember 28, 2020 at 2:24 PM

    Cop tax?

    ReplyDelete
  2. Tom HickeyNovember 28, 2020 at 2:26 PM

    It won't deter the crypto freaks.

    As Yves Smith says, "prosecution futures."

    ReplyDelete
  3. Matt FrankoNovember 29, 2020 at 8:33 AM

    https://www.nbcnews.com/tech/security/us-seizes-1-billion-bitcoin-tied-silk-road-rcna171

    US seizing some too... now what are they going to do with them?

    They will probably auction them off on Coinbase or do a private placement to get USDs for them like other seized property? Like they seize a drug dealers Ferrari?

    ReplyDelete
  4. Peter PanNovember 29, 2020 at 1:03 PM

    Can they delete them?

    ReplyDelete
  5. Matt FrankoNovember 30, 2020 at 6:34 AM

    I think so... but if they instead auction thrn off to get USD Imo it would be tacit govt approval of the whole scheme...

    ReplyDelete
  6. Peter PanNovember 30, 2020 at 9:02 AM

    Yes... that is why it should be deleted. One small step to ending such foolishness.

    ReplyDelete