{"id":41577,"date":"2021-04-28T17:58:54","date_gmt":"2021-04-28T14:58:54","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=41577"},"modified":"2025-08-30T19:23:40","modified_gmt":"2025-08-30T16:23:40","slug":"us-authorities-earned-roughly-250-in-extra-profit-from-selling-bitcoins","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/us-authorities-earned-roughly-250-in-extra-profit-from-selling-bitcoins\/","title":{"rendered":"US authorities earned roughly 250% in extra profit from selling bitcoins"},"content":{"rendered":"<p>Monmouth County authorities in New Jersey (USA) sold the cryptocurrency seized in 2018 for $198,000. The value of the assets since the seizure has risen by nearly 3.5 times from $57,000, according to NBC&#8217;s <a href=\"https:\/\/www.nbcnewyork.com\/news\/local\/bitcoin-seizure-makes-300-profit-for-nj-county-years-after-drug-bust\/3019792\/\" target=\"_blank\" rel=\"noreferrer noopener\">4 \u043a\u0430\u043d\u0430\u043b<\/a> television network reports.<\/p>\n<p>Law enforcement seized the bitcoins during an investigation into illegal drug trafficking, after determining that the coins were proceeds of criminal activity.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;The county prosecutor&#8217;s office is at the forefront of innovative strategies and practices by law enforcement needed in the evolving crypto world,&#8221; said Prosecutor Christopher Gramiccioni.<\/p>\n<\/blockquote>\n<p>The civil-forfeiture suit to confiscate the bitcoins was filed in 2019 after the suspect pleaded guilty and was sentenced.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;This will serve as an effective template for state law enforcement agencies in the cryptocurrency market \u2014 the place where continued concealment of criminal proceeds can be expected,&#8221; Gramiccioni says.<\/p>\n<\/blockquote>\n<p>The first batch of bitcoins seized by the county back in 2017 has not yet been liquidated. The crypto assets seized from suspects in robberies of more than a dozen financial institutions amounted to over $200 000 at the time. They are now valued at more than $1.25 million, the channel noted.<\/p>\n<p>In April, the U.S. General Services Administration (GSA) <a href=\"https:\/\/u1f987.com\/en\/news\/us-authorities-sell-9-45-btc-at-auction-below-market-price\">sold at auction 9.45 BTC<\/a> for a total of $486 525 below the market price of the coins.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Monmouth County authorities in New Jersey (USA) sold the cryptocurrency seized in 2018 for $198,000. The value of the assets since the seizure has risen nearly 3.5 times from $57,000, NBC&#8217;s Channel 4 reports.<\/p>\n","protected":false},"author":1,"featured_media":41578,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1172,26],"class_list":["post-41577","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-seized-bitcoins","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"12","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/41577","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=41577"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/41577\/revisions"}],"predecessor-version":[{"id":41579,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/41577\/revisions\/41579"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/41578"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=41577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=41577"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=41577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}