US law enforcement uses LIFO (Last-In-First-Out) for tracing crypto cases, but LIBR (Lowest Intermediate Balance Rule) for fiat / bank wire tracing? Huh.

This article breaks down the arbitrariness and inconsistency of accounting methods favored by the US government and their crypto tracing contractors, to justify seizures of stolen crypto but then rejecting ownership claims of their original owners during forfeiture proceedings. The government then gets to keep the crypto…

See my prior link,

submitted by /u/cannabiccino [link] [comments]

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