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US Government to Auction $130 Million in Silk Road Bitcoin

The US government is auctioning over $130 million in Bitcoin seized from the Silk Road case, involving digital assets linked to criminal activities. This significant move reflects the evolving approach to handling cryptocurrencies in law enforcement.

The US government is set to auction over $130 million in Bitcoin, previously seized in the high-profile Silk Road investigation, marking a significant move in the handling of digital assets linked to criminal activities.

In a recent decision by the US District Court for the District of Maryland, 2,874.9 BTC (valued at around $129 million) and an additional 58.7 BTC (approximately $3.3 million) were cleared for sale. This action follows the court-approved forfeiture of 69,000 BTC connected to the Silk Road case, a notorious digital black market​​​​​​​​.