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During the seizure itself, multiple agents are involved to ensure proper oversight. That includes managers, who establish the necessary hardware wallets to secure the seized crypto. In recent years, the government has brought back record amounts of crypto.
The fiscal year ended Sept. As cybercrime picks up — and the haul of digital tokens along with it — government crypto coffers are expected to swell even further. The crypto auction block Once a case is closed, the U. Marshals Service is the main agency responsible for auctioning off the government's crypto holdings.
To date, it has seized and auctioned more than , bitcoins. It's a big responsibility for one government entity to assume, which is part of why the Marshals Service no longer shoulders the task alone. The U. General Services Administration, an agency that typically auctions surplus federal assets, such as tractors, added confiscated cryptocurrencies to the auction block earlier this year.
In July, following a more than yearlong search, the Department of Justice hired San Francisco-based Anchorage Digital to be its custodian for the cryptocurrency seized or forfeited in criminal cases. Anchorage, the first federally chartered bank for crypto , will help the government store and liquidate this digital property. The contract was previously awarded to BitGo. Once a transaction is included in a block, it has one confirmation. As soon as another block is mined on the same blockchain, the transaction has two confirmations, and so on.
Six or more confirmations is considered sufficient proof that a transaction cannot be reversed. In your case you have probably sent a transaction with a low feerate; for this reason all other transactions that have paid a higher commission than yours will be confirmed faster, while you will have to wait for your turn.
You just have to wait until mempool is clean.
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