1 year ago
Summary:
- U.S. authorities sold implicit 9,000 Bitcoin forfeited by Ross Ulbricht successful the Silk Road case, a darknet marketplace unopen down successful 2013.
- The authorities liquidated $216 cardinal successful BTC, paying astir $215,000 successful fees connected March 14 per a tribunal filing.
- U.S. authorities program to liquidate an further 41,490 BTC successful 4 trenches implicit the remainder of 2023.
The U.S. authorities liquidated 9,800 Bitcoin (BTC) forfeited by Ross Williams Ulbricht, the creator of the defunct darknet marketplace website Silk Road opened successful 2011. According to tribunal filings, authorities sold the 9,800 BTC for astir $216 cardinal connected March 14. Authorities besides paid astir $215,000 successful transaction fees.
Data from TradingView showed that BTC traded arsenic precocious arsenic 26,400 connected that aforesaid day.
BTC/USDT by TradingViewUlbricht forfeited astir 51,400 BTC successful full to the American authorities aft his apprehension successful 2013. U.S. authorities present person astir 41,490 Bitcoin aft selling 9,800 BTC successful March 2023. The tribunal filing noted that the authorities plans to liquidate much BTC passim the year.
The U.S. authorities did not disclose circumstantial liquidation periods for its Silk Road BTC bag. However, the remainder of the forfeited Bitcoin volition beryllium sold successful 4 batches implicit the people of this calendar twelvemonth – 2023, the filing disclosed.
It’s unclear if the BTC liquidation by U.S. authorities had immoderate important implications connected Bitcoin’s terms connected March 14 oregon afterward.
Crypto’s starring coin could acquisition selling unit betwixt U.S. liquidations and Mt. Gox repayments expected to hap this fall. Notably, 2 of the largest Mt. Gox creditors chose an aboriginal outgo successful BTC, cushioning fears that the speech volition beryllium forced to dump crypto for fiat to conscionable outgo demands.
51,000 Bitcoin Seized From Silk Road, Ulbricht Sentenced To Life
Ross William Ulbricht created the Silk Road darknet web marketplace successful 2011 that accepted integer payments successful BTC. Later successful 2013, Ulbricht was arrested for operating a level that facilitated wealth laundering, narcotic sales, and different unlawful services.
U.S. authorities sentenced Ulbricht to beingness successful prison. The silk roadworthy acheronian website was besides unopen down and implicit 51,000 Bitcoin was forfeited by Ulbricht arsenic portion of the case.
English (US) 