Cryptocurrency Q&A What happens to seized crypto?

What happens to seized crypto?

BusanBeautyBlooming BusanBeautyBlooming Tue Oct 29 2024 | 6 answers 1367
I have some cryptocurrencies that were seized by the authorities and I'm wondering what happens to them after they're taken away. Will they be sold? Destroyed? Returned? I need to know the fate of my seized crypto. What happens to seized crypto?

6 answers

SamuraiWarriorSoulful SamuraiWarriorSoulful Thu Oct 31 2024
The seized funds can be acquired through various routes.

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TimeRippleOcean TimeRippleOcean Thu Oct 31 2024
Once acquired, the transferred assets are held securely.

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Martino Martino Thu Oct 31 2024
These assets are stored in a wallet that is controlled either by the government or a third party.

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EchoSolitude EchoSolitude Wed Oct 30 2024
The wallet serves as a temporary holding place for the seized assets.

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DigitalLordGuard DigitalLordGuard Wed Oct 30 2024
The assets remain in this wallet until a successful prosecution is carried out.

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