In line with allegations in a closing-minute trend, the US executive transferred 4,000 BTC of the beforehand confiscated Bitcoins to Coinbase.
The funds in quiz were first seized from Banmeet Singh.
Banmeet Singh, 40, who changed into extradited from the UK in March 2023, pleaded guilty to cash laundering and any other fee in a federal court docket in Ohio.
The U.S. Legal knowledgeable’s Living of business for the Southern District of Ohio acknowledged that this is believed to be the “superb single cryptocurrency financial seizure in DEA history.”
Authorities mentioned the seized Bitcoins were charge no decrease than $150 million on the time. In line with the plea settlement, Singh transferred a total of roughly 8,100 BTC to the US executive.
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