Silk Road Marketplace: U.S. Government Confiscates 69,000 BTC

In a significant legal development, a U.S. appeals court has completed the formal process of confiscating 69,370 bitcoin and other digital assets from the now-defunct dark web Silk Road marketplace.

According to a filing on December 20, the U.S. District Court of Appeals for the Ninth Circuit affirmed the transfer of these digital assets to federal control, solidifying the government’s claim over the illicitly obtained funds.

The latest court decision follows a prior ruling that validated the government’s assertion of ownership over the digital assets linked to Silk Road‘s illegal operations. The confiscated digital asset includes not only bitcoin but also Bitcoin Gold (BTG),…

Read more on bitcoinnews

83.5K Reads