US Department of Justice Approves Sale of $6.5B in Bitcoin Seized from Silk Road In a significant development, a US court has authorized the sale of $6.5 billion worth of bitcoin seized from the now-defunct dark web marketplace Silk Road, as reported by The Block. This decision follows a long legal battle, including a dismissed lawsuit by Battle Born Investments, which claimed ownership of a portion of the seized funds. The US Marshals Service (USMS) has been managing the seized assets, which were recently deposited into Coinbase Prime. Industry experts have been speculating about the government's plans to sell these assets, especially after President-elect Donald Trump's previous statements during his campaign that the government should refrain from selling bitcoin. This sale represents a substantial amount of bitcoin entering the market and is expected to impact the cryptocurrency's price.
US Justice Department Grants Sale of $6.5B Silk Road Bitcoin
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