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Bitcoin to Experience $6.5 Billion Sale, U.S. Department of Justice Authorized to Sell Silk Road Related Bitcoin Worth $6.5 Billion
On January 9, 2025, according to market news reports, the U.S. Department of Justice has obtained approval from a federal judge to liquidate approximately 69,370 BTC associated with the dark web market 'Silk Road', with a total value of about $6.5 billion. This batch of Bitcoin was seized as assets in the law enforcement action against the Silk Road case.
Silk Road was an illicit goods and services trading platform that operated on the dark web, dealing in banned items such as drugs and hacking tools. The platform was shut down in 2013, and its founder, Ross Ulbricht, was subsequently convicted on multiple charges and sentenced to life in prison.
Silk Road was an illicit goods and services trading platform that operated on the dark web, dealing in banned items such as drugs and hacking tools. The platform was shut down in 2013, and its founder, Ross Ulbricht, was subsequently convicted on multiple charges and sentenced to life in prison.
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