Litecoin and Bitcoin Cash Auctions Seized by US Government, Tax Evaders

The US General Services Administration (GSA) is auctioning Bitcoin Cash (BCH) and Litecoin (LTC) seized from a taxpayer for non-payment of internal income taxes. GSA announced in a statement that the public can now bid on 11 cryptocurrencies, including 8.93 BTC and 150.2 LTC, with a total market cap of approximately $377,000. GSA estimates that one lot of stock eligible for bidding consists of 150.22 LTC and 0.00022 Bitcoin Cash. The auction began on June 18 at 5 PM Eastern Time and will close at 5 PM Eastern Time on June 22. The agency began auctioning cryptocurrencies in March 2021, but the upcoming auction event marks the first time Litecoin will be made available on the GSA Auctions website. The portal serves as the federal government's online clearinghouse for surplus assets and equipment. Thomas Meiron, GSA's District Commissioner for the Federal Procurement Service, said: “Experienced investors recognize a great opportunity when they see it, which is why our auctions have sparked such enthusiasm among the crypto community. With the addition of a new kind of cryptocurrency, this promises to be one of our most exciting auctions of the year.” Interested buyers must register to participate in the auction. The winning bidder will receive the crypto asset via their digital wallet. GSA has already collected $937,092 of the total of 16.99 BTC it sold in three auctions held this year. Don't miss a thing – Subscribe to receive crypto email alerts straight to your inbox Follow us on Twitter, Facebook and Telegram The Daily Hodl Mix Check the latest news Headlines Disclaimer: Opinions expressed in The Daily Hodl are not investment advice . Investors should exercise due diligence before making any risky investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk and any losses you may suffer are at your own risk.

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