1. The US Appeals Court has finalized the decision to seize 69,370 Bitcoins and other cryptocurrencies linked to the Silk Road darknet market.
2. The initial decision was made in August and has now taken effect.
3. In 2020, the US Department of Justice initiated the seizure and pursuit of formal confiscation for these cryptocurrencies, valued at over $100 million at the time.
4. Recently, 69,369 Bitcoins from the confiscated assets were moved out of their wallet address, marking the first activity since 2015.
5. The movement of these funds has attracted attention due to the significant duration of inactivity.
6. The seized cryptocurrency is associated with the now-dissolved Silk Road darknet marketplace.
7. Legal proceedings have led to this court decision to confiscate the cryptocurrency assets.
8. This case underscores the ongoing efforts by authorities to manage and address illegal activities within the crypto space.
9. The movement of funds could potentially impact the legal proceedings or initiate further investigations.
10. The decision's enforcement reflects the government's commitment to addressing illicit activities related to cryptocurrencies and enforcing legal actions against associated entities.
