US Government Yet to Decide What to Do with OxyMonster’s $700,000 Bitcoin Stash

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Sat, 10/13/2018 - 09:13
Alex Dovbnya
The $700 thousand of Bitcoin stash of a notorious French drug dealer Gal Vallerius (better known as “OxyMonster”) will quite possibly go to the highest bidder
Cover image via U.Today

As Breaker reports, the $700,000 Bitcoin stash of a notorious French drug dealer Gal Vallerius (better known as “OxyMonster”) will quite possibly go to the highest bidder.

Since his sizeable fortune that comprises 100 BTC and 121.95 BCH will be forfeited by the government, its future still remains unclear. Southern District of Florida’s Attorney’s Office claims that they do not know what to expect from the case.

The French national was arrested in 2017 after arriving in the US to take part in a beard competition. Vallerius was sentenced to 20 years in prison earlier this week. On Oct. 5, an Irish man named Gary Davis was also charged with assisting Silk Road creator Ross Ulbricht.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

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