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The proceeds of such auctions are typically deposited into the Treasury Forfeiture Fund or the person who is alleged to have hacked into Silk Road and stolen the money. Sign In Create your free.
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Why The US Gov Can't Afford To Sell BitcoinAmong other things, Bitcoin enables the citizens of a country to undermine government authority by circumventing capital controls imposed by it. The US government has been seizing and selling bitcoin for the past 10 years, when it should have just held. Bitcoin is seized by law enforcement as a result of a criminal allegation. Each seizing agency preemptively creates a wallet to temporarily hold the seized.
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