On November 3, 2020, the IRS seized 69,370 bitcoin worth over $1 billion. — On November 3, 2020, the IRS seized 69,370 bitcoin worth over $1 billion. The United States Attorney’s Office (Northern District of California) has filed a civil complaint for forfeiture and I expect the United States to prevail in court. Past seizures of bitcoin were auctioned off by the U.S. Marshals…