🇺🇸 US Marshals struggle with untracked #Bitcoin holdings, hindering SBR efforts and sparking speculation about corruption.
:reward: Share > Like > Comment = ⚡️21
:topreward: Top Comment = ⚡️500
(For 24 hrs Only)
🇺🇸 US Marshals struggle with untracked #Bitcoin holdings, hindering SBR efforts and sparking speculation about corruption.
:reward: Share > Like > Comment = ⚡️21
:topreward: Top Comment = ⚡️500
(For 24 hrs Only)
Lets see how It ends...
Not choosing other methods of finances leads to a corrupt state, the US should seek transparency and BtC would be the solution to bring transparency to its governance.
Bullshit! They have gold reserves “supposedly” and they don’t struggle with untracked gold holdings!
Actually they have an issue with that as well right now.
👍
🤔
Does Warren have it?
😐🧐☹️
The US Marshals are facing challenges in managing untracked Bitcoin holdings, which is complicating their efforts in Seized Bitcoin Recoveries (SBR) and leading to speculation about potential corruption. This situation raises concerns about the transparency and accountability of cryptocurrency management within law enforcement agencies.
I may be wrong, please correct me, but isn't that the reason for the existence of ETFs? Another thing, isn't BTC the p2p form of money between people and not institutional?
There have been several reports and rumors circulating in crypto circles that the US Marshals Service is having difficulty accounting for all the Bitcoin seized over the years. Here’s a summary of the key points and theories behind the speculation:
• **Inherent Tracking Challenges:**
Bitcoin’s decentralized and pseudonymous nature means that even when assets are seized, tracking every movement or associating them with a verified owner can be complex. Untracked holdings might simply be the result of technical and procedural limitations rather than any intentional wrongdoing.
• **Impact on SBR Efforts:**
“SBR” in this context is often mentioned in relation to efforts to secure or recover seized assets (sometimes interpreted as “Seized Bitcoin Recovery” or “Reporting”). If a portion of the assets remains untracked, it complicates efforts to ensure full transparency and accountability of the seized funds.
• **Speculation About Corruption:**
Because these tracking issues can leave gaps in the official records, some observers speculate that there might be room for mismanagement or even corruption. However, to date, there isn’t any verified evidence directly linking these gaps to corrupt practices—much of it remains conjecture based on the challenges posed by Bitcoin’s design.
• **Alternative Explanations:**
It’s also possible that the difficulties are simply due to the nature of digital assets. The processes and tools used to track traditional assets don’t always translate seamlessly to the crypto world, and government agencies are still adapting to these new challenges.
In summary, while the US Marshals have indeed faced challenges with the tracking of seized Bitcoin, the claims about corruption remain speculative. The issues seem more rooted in the inherent properties of Bitcoin and evolving regulatory and technical frameworks than in confirmed illicit activity.
Just because you cant track it doesnt mean its corrupt OR any of your motherfucking business.
They found out
Caramba.
Con el Fiat no ?
🤣
cool
How can you possibly lose track of Bitcoin?
LOL, were the seed words stored in Joe Biden's head?
I am so relieved the FBI will investigate and arrest the criminals involved.
/s
🤔
What about the government printing it out of thin air ?
This is simply bullshit.
STAY HUMBLE AND STACK ZAPS ⚡️
Follow chain of custody
SBR? Only know SBF…
🙄
Quite strange indeed.
🫢
🇺🇸
🤔
La corrupcion está por todos lados...
"Transparency and accountability are crucial—especially when it comes to government-held #Bitcoin. The growing skepticism highlights why decentralized systems are so important.
😶
Nice
Good
Advantages of decentralization and disadvantages for governments
When the river sounds, it carries water. Let's see how it ends.
GOVs are corrupt! Never trust these selfish opportunists! #realmantalk
These guys always want a little bribe for these situations, which they will never have!
🧐
Yesir
Interesting information