FinTech news in us government category

Law enforcement also recovered $661,900 in cash, 25 Casascius coins of bitcoin (valued at about 174 bitcoin), an additional 11.116 bitcoin, and a handful of silver- and gold-colored bars. The whereabouts of this massive amount of bitcoin was a mystery for almost 10 years, U.S. Attorney Damian WIlliams said in the release. The plea came almost a year after law enforcement seized 50,676.17851897 bitcoin, then valued at over $3.36 billion, from Zhong home, the statement said. Officials found the bitcoin in an underground floor safe and on a single-board computer that was hidden under blankets in a popcorn tin placed in a bathroom closet.