The report by the DOJ's OIG can be found here:
We also found that the cryptocurrency spreadsheets lack necessary inventory management controls to prevent and detect fraudulent or erroneous alteration of the inventory records, such as the ability to track edit history. Finally, we found that the inventory spreadsheets the USMS uses to track and manage seized cryptocurrency were not accurate. Based on our analysis, we identified 28 seized cryptocurrency assets in the USMS’s inventory spreadsheets that did not appear in CATS and determined that the differences were due to tracking errors in the USMS’s spreadsheets. In our judgment, these errors occurred because the USMS does not conduct periodic inventory reconciliations between its supplemental spreadsheets and CATS to ensure that the inventories are complete and accurate. Without periodic reconciliations, seized assets could be mismanaged and inventory records could be fraudulently altered without detection.
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seized assets could be mismanaged and inventory records could be fraudulently altered without detection.
I hope they are going through the backups of these spreadsheets and ensuring there was no fraud!
(of course, we know that isn't going to happen).
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The fed controls the markets because the US is now a top down, centrally controlled socialist state. This state controls the world economy, like it or not. Now that bitcoin is seen as an almost mainstream investment with banks and hedge funds jumping in, its price will be controlled by the fed. The old adage "don't fight the fed" applies to bitcoin, so it's time to grab as much as you can before the spigots get turned back on.
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“What has pushed Bitcoin into a ‘crypto winter’ over the last six months can by and large be explained as a direct result of an increasingly hawkish rhetoric from the US Federal Reserve.”
This is not good when rhetoric is enough to plummet the price 50%. But i guess rhetoric got it to $60k in the first place. Easy come easy go.
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