VC Firm Makes Bid for FBI's Seized Silk Road Bitcoins
Investment firm Falcon Global Capital has contacted the US government expressing an interest in buying all of the bitcoins it seized from Silk Road - the online black market that was shut down by the FBI in October of last year. The US has previously said that the coins will be liquidated, but did not say when or how the process would occur, or to whom they would be sold. The FBI holds 27,000 BTC from the seizure, which are worth around $14m at today's exchange rates. Whether the Falcon team is prepared to go the distance on the potentially huge transaction remains to be seen. Huge....
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Check out this article from The Guardian. Majority of Silk Road's Bitcoins may remain unseized. Four-fifths of the income received by the Silk Road boss, Dread Pirate Roberts (DPR), has not been seized by FBI, research shows. The supposed one-fifth of Silk Road's bitcoins that have been seized are held at this wallet by the FBI: 1F1tAaz5x1HUXrCNLbtMDqcw6o5GNn4xqX. It is great fun to read through all the transaction notes, angry rantings, loan requests, etc that people are sending to the publicly viewable address. These bitcoins were seized from the Silk Road but they were not seized from....
On November 3, 2020, the cryptocurrency community noticed that one of the largest addresses holding 69,369 bitcoins from the Silk Road were transferred. Following the onchain movement, the U.S. government revealed it had seized the coins from a person they dubbed “Individual X.” The following is an in-depth look at what we know about the Silk Road bitcoin address that was seized by U.S. law enforcement. This week on election day in the U.S., American law enforcement officials seized 69,369 bitcoins worth over $1 billion today. The bitcoin address is a well known address and....
According to a recent post from crypto-blogger Krypt3ia, the wallet of the Shadow Brokers group who are auctioning NSA hacking tools, has been receiving the very same bitcoin that was seized from Silk Road. Shadow Brokers Wallet ‘Tested’ by Seized Silk Road Bitcoins. Last week, Krypt3ia stated that the Shadow Brokers are getting small amounts of....
Back in October many of the trolls and ents of Reddit muttered and mumbled to themselves about joining together in a class action lawsuit to claim pieces of the 29000 Bitcoins seized by the FBI on October 2nd, 2013. The 29,000 Bitcoins taken from Silk Road servers on that day belonged to the international motley crew of buyers and sellers on Silk Road. Many of those Bitcoins were tied up in escrow in ongoing deals, or simply sitting in the accounts of buyers and sellers waiting for withdrawal or use. Nothing came of all the hubbub raised by Silk Road users about their Bitcoins being swept....
Undoubtedly many readers have seen this wallet before, we've linked to it a lot here in articles onCCN. Those are the "Silk Road Bitcoins" seized by a joint federal task force in the October take-down of the infamous online drug marketplace: Silk road. During the take-down that included crazy antics by undercover agents at a public library in a brazen heist to steal Silk Road operator Ross Ulbricht's laptop mid-session, the Feds were able to gain control of 29,655 Bitcoins from Silk Roads' servers. These Bitcoins belonged, in large part, to individual users of Silk Road from around the....