The IRS has seized $1.2 billion worth of cryptocurrency this fiscal year – here’s what happens to it
By MacKenzie Sigalos The U.S. government regularly holds auctions for its stockpile of bitcoin, ethereum, litecoin and other cryptocurrencies it seizes and then holds in crypto wallets. It really kicked off with the 2013 takedown of Silk Road, a dark web marketplace trading in illegal goods, where bitcoin was often used for payment. Interviews with[…]