Is the US Government Quietly Hoarding Bitcoin? Analyst Explores America’s Crypto ‘Black Hole’

Is the US Government Quietly Hoarding Bitcoin? Analyst Explores America’s Crypto ‘Black Hole’


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Crypto analyst and influencer Tyler Swope suspects the US government is accumulating Bitcoin seized from some of the world’s most notorious darkweb criminals.

Swope cites a story covered by Fortune magazine on the death of Alexandre Cazes, who is allegedly behind the world’s largest dark web marketplace, AlphaBay.

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Although the government periodically auctions off BTC seized in criminal cases, Fortune reported a lack of transparency in regards to the total amount of BTC the US has seized, and where the government’s crypto assets end up.

“Fortune magazine covered it then in an article titled ‘Inside Uncle Sam’s Secret Bitcoin Hoard’ and they say regarding the seizures and forfeitures by the government:

‘But the transparency is fleeting. There are often long lag times between the date of a seizure and its appearance in a report. And reports aren’t archived online: each day, when a new one appears, the old one goes away. Paper copies

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