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US authorities have seized approximately $15 billion in Bitcoin during a takedown of an international criminal syndicate. The massive forfeiture represents both a validation and test of the Trump administration’s Strategic Bitcoin Reserve initiative, according to analysts.
Federal authorities have reportedly confiscated roughly $15 billion worth of Bitcoin in what sources indicate is the largest cryptocurrency forfeiture in Justice Department history. The seizure occurred during the takedown of a massive “pig-butchering” criminal syndicate allegedly operated by the Prince Group, according to reports.
