The US government is planning on selling off Litecoin and Bitcoin that have been seized from a citizen because they didn’t pay their revenue taxes.
They managed to make more than $900,000 by selling almost 17 Bitcoins in three different auctions in 2020. Regional commissioner Thomas Meiron said, “With the addition of a new type of cryptocurrency, this promises to be one of our most exciting auctions of the year.”
If an investor wants to bid, they must register. They also need to have a digital wallet so that the funds can be safely transferred.