US Seized More Than $1 Billion In Silk Road Linked Bitcoin

I remember seeing these Silk Road coins had moved recently and now it seems Uncle Sam is vying to be one of our biggest hodl’ers:

US Seized More Than $1B in Silk Road–Linked Bitcoins, Seeks Forfeiture

The seizure on Tuesday, tied to early darknet market Silk Road, is the largest the U.S. has ever conducted, the DOJ said.
Court documents reveal the seized funds include over 69,370 bitcoin and nearly equivalent amounts of forked cryptos bitcoin cash (BCH), bitcoin gold (BTG) and bitcoin satoshi vision (BSV).
Prosecutors say an unnamed hacker stole the trove from Silk Road and moved them to a wallet where they sat from April 2013 until the Tuesday seizure.
The individual consented to the government seizure on Tuesday.
The news comes days after blockchain intelligence firm Elliptic reported that a wallet possibly belonging to the Silk Road marketplace moved almost $1 billion worth of bitcoin (BTC, +6.91%) earlier this week.
This was the first transaction from the address since 2015, when it transferred 101 BTC to BTC-e – a now-shuttered cryptocurrency exchange allegedly favored by money launderers, Elliptic said. BTC-e operator Alexander Vinnik has been in custody in Europe since 2017.
Earlier this week, Elliptic co-founder Tom Robinson speculated the coins may have been moved by imprisoned Silk Road operator Ross Ulbricht or a Silk Road vendor.
Ulbricht – who operated under the pseudonym Dread Pirate Roberts – operated the darknet website from 2011 until his arrest in 2013 and is currently serving a life sentence.

Full article here: https://www.coindesk.com/u-s-seized-more-than-1b-in-silk-road-linked-bitcoin-seeks-forfeiture-bloomberg

 

Master Asked on November 5, 2020 in Bitcoin.
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