U.S. Seizes $3.3 Billion In Bitcoin Linked To Silk Road Dark Web

U.S. Seizes $3.3 Billion In Bitcoin Linked To Silk Road Dark Web

According to a press release, the U.S. Department of Justice (DoJ) seized over $3.3 billion or 50,000 Bitcoin (BTC) tied to the infamous digital Silk Road. This capture is one of the largest in history for the DoJ, the Southern District of New York, and the Internal Revenue Service (IRS) criminal division.  Related Reading: Wuhan […]


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Government Seizes 69,730 Bitcoin ($1 Billion) Tied To Silk Road

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US Seizes Previously Undetected Silk Road Bitcoins Worth Over $1 Billion

The U.S. government has seized over $1 billion in bitcoin from previously undetected transactions associated with the Silk Road marketplace and is now seeking the forfeiture of the cryptocurrency. US Confiscates $1 Billion in Bitcoin From Silk Road The U.S. government has filed a lawsuit seeking the forfeiture of bitcoin currently worth over $1 billion that it seized on Tuesday, according to the court document. The Department of Justice said on Thursday that this bitcoin seizure is the largest the U.S. has ever made. The “Defendant Property” seized includes bitcoin and its....

9 Years After Ross Ulbricht’s Arrest & Silk Road’s Closing, How’s Bitcoin Doing?

The story of Silk Road and its creator Ross Ulbricht are inextricably linked to bitcoin’s history. In February 2011, the dark web black market was one of the first web stores to go bitcoin-only, providing an undeniable use case for the bitcoin network as a payment rail. On the other hand, the Silk Road stained […]

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Seized Silk Road Bitcoin Worth $3 Billion Likely Linked to Disgraced US Secre...

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