1. The United States government has filed a notice to sell over $130 million worth of bitcoin linked to Silk Road forfeitures.
2. The public notification outlines two lots of bitcoin for sale, with the first comprising approximately 2,800 BTC valued at around $129 million.
3. The second, smaller lot consists of 58 BTC, estimated at approximately $3 million.
4. The bitcoins are associated with Ryan Farace, who was sentenced to 54 months in prison in Maryland last year for money laundering conspiracy.
5. Farace and his father, Joseph, were convicted of laundering bitcoin originally used for drug trafficking, and the funds were supposed to be forfeited to the U.S. government.
6. In 2018, Ryan Farace claimed not to have access to the bitcoin used for darknet transactions, but later evidence revealed a conspiracy to transfer over 2,874 Bitcoin to a third party for moving funds into a foreign bank account.
7. The first lot of bitcoin is also linked to Shaun Bridges, a former Secret Service agent involved in the Baltimore Silk Road Task Force, who was sentenced to a six-year prison term in 2015 for stealing BTC during the Silk Road investigation.
8. Both Faraces were ordered to forfeit their bitcoin, and Bridges agreed to surrender the stolen bitcoin to U.S. agents.
9. The sale of these bitcoins is part of the government's efforts to liquidate assets seized in connection with illegal activities.
10. The notice highlights the ongoing legal actions and forfeitures associated with cryptocurrency-related crimes and investigations.
