The $6.4 million in Bitcoin seized from Samourai Wallet developers has not been sold and will be added to the U.S. federal Bitcoin reserve, according to a White House official. This clarification addresses concerns that the Department of Justice in New York intended to liquidate the funds despite an executive order to retain seized Bitcoin as a strategic reserve. The developers, sentenced for operating an unlicensed money transmitter, remain imprisoned with uncertain prospects for pardon.
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White House Confirms Seized Samourai Wallet Bitcoin Will Join Federal Reserve, Not Sold
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