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Feds Move $200K in ETH After Taking It From Chase Senecal
The feds just shuffled some crypto. Over $200,000 worth of Ethereum on the move - seized stuff from that Senecal guy. They did a tiny $10 test first. Typical government caution.
This all went down September 26th. The money? Taken from Chase Senecal back in 2022. October, if memory serves.
Seems the government grabbed these coins after some not-so-legal activities. Senecal's got profiles across social media. Different names, same person. Kind of a big deal in crypto circles now.
The transfer sent little shockwaves through crypto land. People talk. They wonder. Will prices shift?
First $10, then the big stack. Standard procedure, I guess. Not entirely clear why they moved it now.
Crypto folks are watching closely. When the government dumps seized coins, markets notice. They always do. History tells us that much.