The UK High Court ruled on Oct. 12 that Chinese law governs investors' ownership claims to more than 61,000 seized bitcoin. Caixin reported that about 16,000 victims could be held to principal and interest on coins now worth about 200 times their purchase price.
Perspective Coverage
8 publishers
- Builder
- Builder 0%
- Operator
- Operator 25%
- Investor
- Investor 75%
Reality
- Evidence72
- Adoption
- Not scored
- Hype gap+30
- Incentives55
- Confidence70
Wallets tied to the US government moved 12,267 seized Bitfinex bitcoin, worth about $1 billion, to new unlabeled addresses. No exchange deposit was recorded, CoinDesk reported. Whether Washington is selling turns on the smaller sums it sent to Coinbase Prime.
Perspective Coverage
6 publishers
- Builder
- Builder 5%
- Operator
- Operator 27%
- Investor
- Investor 68%
Reality
- Evidence60
- Adoption
- Not scored
- Hype gap+10
- Incentives
- Not scored
- Confidence55
US government sends $770m of seized bitcoin to Coinbase Prime in its biggest outflow since 2024
The US government moved 9,261 bitcoin worth about $770 million to Coinbase Prime, its largest outflow since December 2024, Galaxy Research data showed. The venue is the US Marshals Service's custody desk, so a deposit there does not confirm a sale.
Reality
- Evidence55
- Adoption
- Not scored
- Hype gap+10
- Incentives
- Not scored
- Confidence50
US government wallets moved about $470 million of seized Bitfinex- and Alameda-linked crypto to likely Coinbase Prime addresses, Arkham said. Trump's reserve order lets officials repay victims from seized coins, so even a sale of this pool would say little about the pledge to keep reserve bitcoin.
Reality
- Evidence55
- Adoption
- Not scored
- Hype gap+15
- Incentives
- Not scored
- Confidence55
A year-old Scattered Spider guilty plea surfaced only when prosecutors moved on the crypto
Ahmed Hossam Eldin Elbadawy, 24, admitted his part in the group's extortion work a year ago. The plea reached the public record through filings seeking more than $17 million in cryptocurrency and luxury assets.
Reality
- Evidence34
- Adoption
- Not scored
- Hype gap+12
- Incentives46
- Confidence47
Taking 61.2m USDT into FBI custody requires Tether to burn it first
Prosecutors froze ten Tron addresses in June and July before filing on September 14. Getting the money into government hands means Tether destroys the frozen tokens and issues the same value again to an FBI hardware wallet.
Reality
- Evidence55
- Adoption58
- Hype gap+10
- Incentives70
- Confidence55
DOJ and the NCA will decide together which country prosecutes each scam-compound case
The memorandum signed Thursday commits both agencies to an in-person disruption event with private industry partners, hosted by the National Crime Agency in London in early October, on cases they had already found overlapping.
Reality
- Evidence45
- Adoption40
- Hype gap+20
- Incentives65
- Confidence55