What happened to the bitcoins seized from silk road

What happened to the bitcoins seized from silk road

  the filing said the seized bitcoins were stolen from silk road in 2013 by a hacker identified only as individual x in the court document.

  in 2015, bitcoin seized from a different wallet associated with silk road was sold at auction by the us government. Silk road creator ross ulbricht is currently serving two life sentences in prison.

On wednesday, ars reported that someone had transferred close to 1 billion in bitcoin out of a wallet likely associated with the silk road crime bazaar.

  the 69,000 bitcoin seized in november 2020 from a wallet linked to silk road may have belonged to an agent investigating the case. The episode caused a stir it was the largest seizure of bitcoin in history.

  its not clear what will happen to the bitcoin but the us government has previously sold seized bitcoin from silk road at auction. Silk road creator ross ulbricht is currently in prison serving two life sentences for his crimes of money laundering, hacking and conspiracy to traffic narcotics.

  the us government has seized more than 1bn worth of bitcoins connected to the shuttered darknet marketplace silk road and is suing for formal forfeiture of the.

  during the sites brief run, between its approximately one million users collectively contributing up to 60,000 hits per day the silk road took in 9. 5 million bitcoins, plus a hefty commission of 600,000 bitcoins for its progenitor. Bitcoin monetary value has a tendency to fluctuate dramatically, which has resulted in a likewise dramatic range of dollar-conversion estimates.

  what happened the seized cryptocurrency, about 69,000 bitcoins, belonged to the founder of silk road ross ulbricht who was convicted of distributing narcotics and money laundering.

  almost 1bn (772m) in bitcoin linked to the notorious silk road website is being transferred, analysts say.

What happened to the bitcoins seized from silk road? The fbi initially seized 26,000 bitcoins from accounts on silk road, worth approximately 3. An fbi spokesperson said that the agency would hold the bitcoins until ulbrichts trial finished, after which the bitcoins would be liquidated.

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What happened to the bitcoins seized from silk road

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