Bitcoin to be confiscated and added to the national treasury! US court officially seizes Silk Road case Bitcoin: nearly 70,000 BTC.

Recently, a US court issued a final confirmation on a significant ruling regarding the notorious Silk Road and the world of cryptocurrency. You can find the full ruling here.

US Court Rules Confiscation of Nearly 69,370 BTC

A US court has determined the confiscation of a staggering 69,370 bitcoins, as well as other cryptocurrencies such as Bitcoin Gold (BTG), Bitcoin SV (BSV), and Bitcoin Cash (BCH).

Mysterious Individual Assists Government in Seizing Silk Road Cryptocurrencies

These funds are now under the control of the US government, thanks to an individual known as "X" who successfully infiltrated Silk Road and took control of its funds.

Billion-Dollar Cryptocurrency Treasure

As early as 2020, the US Department of Justice had already seized these cryptocurrencies, which were valued at over a billion dollars at the time, and began seeking forfeiture.

The US government is a holder of 200,000 bitcoins, but "value" is not the primary concern.

The Infamous Cryptocurrency Legacy of the Dark Web Silk Road

Silk Road was created and operated by Ross Ulbricht from 2011 to 2013, gaining notoriety for facilitating the sale of drugs and weapons. Ross Ulbricht is currently serving a life sentence and has previously agreed to pay the US government 3 billion dollars in stolen bitcoins, relinquishing partial rights to these bitcoins in 2022.