https://theleadingreport.com/biden-administration-lost-track-of-billions-in-seized-crypto/?amp=1

🇺🇸 Biden Administration LOST Track of BILLIONS in Seized Crypto!

The U.S. Marshals Service (USMS) is unable to determine the amount of bitcoin it holds and faces ongoing organizational challenges in managing seized cryptocurrencies.

Responsible for handling assets like the billions in bitcoin seized from Silk Road, the USMS’s lack of clarity on its crypto holdings could complicate potential plans for a national crypto reserve, as highlighted by experts who stress the need for better education and professional management.

Past issues, including insecure handling of crypto addresses, reliance on inaccurate spreadsheets, and losing access to Ethereum wallets, underscore the agency’s struggles, which have been criticized by both former officials and the Office of the Inspector General.

@Insider_leak_of_theday

Share with your friends