US Seized More Than $1B in Silk Road-Linked Bitcoins, Seeks Forfeiture: Bloom...
The seizure on Tuesday, tied to the Silk Road marketplace, is reported to be the largest the U.S. has ever effected
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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....
Peter Ward argues that the 100 Bitcoins seized from him in the US government’s raid on the Silk Road last year were taken unlawfully, and he has announced a plan to lawyer up and try to get them back. Ward, the owner of a head shop in Devon, England, sold bongs and rolling papers on the Silk Road, the same things he currently sells in his Planet Pluto shop. He told Forbes that he can prove all of his transactions were legal and thus were not subject to forfeiture. Ward was also arrested in his home by the UK’s National Crime Agency, whose agents confiscated a personal stash of marijuana....
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....
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....
The 29,655 bitcoins seized by US law enforcement agents from defunct online black market Silk Road will be liquidated by the US government, a 16th January press release from the US Attorney's Office of the Southern District of New York confirmed. US District Judge J. Paul Oetken signed off on the forfeiture order on Thursday, clearing the government to sell the assets, which as of press time are worth more than $25m. While no timetable for the sale was issued, the development brings the government one step closer to unloading its Silk Road holdings, estimated to be 1.5% of all bitcoins,....