US Crypto Stockpile to Rely on Seized Assets, Analyst Says
The post US Crypto Stockpile to Rely on Seized Assets, Analyst Says appeared on BitcoinEthereumNews.com. President Trump’s executive order has triggered underlying events. An FTX creditor has demanded a refund of seized funds for customers. A research analyst believes the US will build its crypto stockpile using seized coins. President Donald Trump’s executive order to revamp the U.S. crypto landscape has sparked significant discussions. In a recent post on X, an FTX creditor urged the government to return funds seized from alleged hackers who exploited the FTX platform in November 2022. DOJ charged Trio (Powell, Rohn and Hernandez) They hacked $400m at the time of FTX bankruptcy – Nov 22 (could be $1.5bn+ now)This is FTX customer deposits Not sure if the below would include this but certainly US govt should return hack funds to FTX customers https://t.co/XPSEu7LQIe pic.twitter.com/E11YNoxdon — Sunil (FTX Creditor Champion) (@sunil_trades) January 23, 2025 The creditor pointed to a legal document accusing three individuals—Powell, Rohn, and Hernandez—of stealing $400 million from FTX during its bankruptcy. The value of the stolen digital assets has reportedly surged to approximately $1.5 billion, raising questions about the government’s handling of these funds. Bitcoin Leads in Government Holdings The FTX creditor’s post followed a highlight by Galaxy Research’s Head of Research, Alex Thorn, who thinks the “stockpile” narrative in President Trump’s executive order refers to holding what the government already has in its coffers. Thorn does not foresee the US government purchasing more cryptocurrencies, considering the assets in their holdings, most of which are from seizures. Thorn cited a report by the crypto data analysis platform Arkham, highlighting the US government’s crypto holdings for coins worth over $1 million. Bitcoin topped the chart with 198,109 units worth $20 billion. That formed a significant part of the digital assets held by the government and could become the dominant part of the proposed stockpile. Related: Trump’s Bitcoin Stockpile…

The post US Crypto Stockpile to Rely on Seized Assets, Analyst Says appeared on BitcoinEthereumNews.com.
President Trump’s executive order has triggered underlying events. An FTX creditor has demanded a refund of seized funds for customers. A research analyst believes the US will build its crypto stockpile using seized coins. President Donald Trump’s executive order to revamp the U.S. crypto landscape has sparked significant discussions. In a recent post on X, an FTX creditor urged the government to return funds seized from alleged hackers who exploited the FTX platform in November 2022. DOJ charged Trio (Powell, Rohn and Hernandez) They hacked $400m at the time of FTX bankruptcy – Nov 22 (could be $1.5bn+ now)This is FTX customer deposits Not sure if the below would include this but certainly US govt should return hack funds to FTX customers https://t.co/XPSEu7LQIe pic.twitter.com/E11YNoxdon — Sunil (FTX Creditor Champion) (@sunil_trades) January 23, 2025 The creditor pointed to a legal document accusing three individuals—Powell, Rohn, and Hernandez—of stealing $400 million from FTX during its bankruptcy. The value of the stolen digital assets has reportedly surged to approximately $1.5 billion, raising questions about the government’s handling of these funds. Bitcoin Leads in Government Holdings The FTX creditor’s post followed a highlight by Galaxy Research’s Head of Research, Alex Thorn, who thinks the “stockpile” narrative in President Trump’s executive order refers to holding what the government already has in its coffers. Thorn does not foresee the US government purchasing more cryptocurrencies, considering the assets in their holdings, most of which are from seizures. Thorn cited a report by the crypto data analysis platform Arkham, highlighting the US government’s crypto holdings for coins worth over $1 million. Bitcoin topped the chart with 198,109 units worth $20 billion. That formed a significant part of the digital assets held by the government and could become the dominant part of the proposed stockpile. Related: Trump’s Bitcoin Stockpile…
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