News with the tag "silk road bitcoin"

After a spree of enforcement actions against criminal activity, the US stacked an impressive amount of Bitcoin over ten years. Crypto Czar David Sacks argues that selling the confiscated Bitcoins for a pittance has cost US taxpayers a fortune ahead of the planned Crypto Strategic Reserve. America Co...

“Democrats legacy: A loss of more than $18.5 billion in unrealized value for American taxpayers,” the senator wrote on social media.

In one of the most audacious heists in cryptocurrency history, Jimmy Zhong exploited a loophole on the infamous Silk Road marketplace in 2012, stealing 51,860 Bitcoin , worth approximately $3.3 billion today. For nearly a decade, Zhong evaded authorities, hiding his fortune in unconventional ways—in...

The US govt has dumped a massive 69,370 Bitcoins, worth a massive $6.7 billion, seized from the popular darknet marketplace Silk Road. This comes as the US Department of Justice (DoJ) approved clearing the prolonged dispute of BTC claims by Battle Born Investments. This has led investors to question...

The United States Supreme Court has declined to hear an appeal from Battle Born Investments over the forfeiture of 69,370 bitcoins originally linked to the Silk Road darknet marketplace. The decision, listed under “CERTIORARI DENIED” in the Supreme Court’s October 7 publication, effectively allows t...

Attorney Johnsson confirms US Marshal Service and Coinbase agreement to sell Silk Road Bitcoins. He said that the official confirmation of selling Silk Road Bitcoins will come in the January report. Industry leaders say that the US govt. BTC transfers don’t align with Kamala Harris’s crypto reset pr...

Johnsson's claims spark questions about cryptocurrency regulation and market stability amid potential USMS sale of Silk Road Bitcoin

Earlier this week, the US government moved 10,000 Silk Road Bitcoins to institutional crypto exchange Coinbase Prime, with many suggesting that these transfers are not for selling purposes. But Attonery Scott Jhohnsson removes the veil stating that the US Marshal Service (USMS) is certainly selling ...

The US government has just transferred approximately 10,000 Bitcoin (BTC) from wallets linked to the dark web marketplace Silk Road. This is one of the transfers made in the past week that has contributed negatively to the current outlook for the underlying asset. Unending US Government Bitcoin Tran...

The move comes just two days after Donald Trump declared he would create a “strategic national Bitcoin stockpile” if reelected.