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This material may not be published, broadcast, rewritten, or redistributed. All market data delayed 20 minutes. Aaron Shamo, has been arrested and charged with possession of fentanyl with intent to distribute. 5 million since the alleged ringleader’s arrest a year ago. Attorney’s Office for Utah cites the digital currency’s volatility in court documents pressing for the sale. 500,000 when Aaron Shamo was arrested on drug charges, but the value of the digital currency has skyrocketed since then. Bitcoin was created as a digital alternative to the traditional banking system, and is prone to swings in value based on what people believe its worth.
For federal prosecutors in Utah, sales of seized assets like cars are routine, but bitcoin is new territory, spokeswoman Melodie Rydalch said Thursday. Shamo is accused of selling pills containing the powerful opioid fentanyl on the dark web — an area of the internet often used for illegal activity — to thousands of people all over the U. 8 million in less than a year. 1 million of cash stuffed into trash bags. Shamo has pleaded not guilty to a dozen charges. The proceeds of the bitcoin sale will be held until the case is resolved, and then decisions will be made about where the money goes, Rydalch said.