DOJ seizes bitcoin valued at more than $1B related to Silk Road

- FOX NEWS - Nov 5, 2020 -

Brittany De Lea -

Bitcoin becoming a hedge: Crypto firm CEO Galaxy Digital Holdings CEO Michael Novogratz provides insight into the adoption of bitcoin.

Law enforcement officials announced on Thursday that they had seized the largest amount of bitcoins in the history of the Justice Department related to illicit dark web marketplace activity.

Bitcoins valued at more than $1 billion believed to be connected to the notorious Silk Road have been identified for forfeiture, according to U.S. Attorney David L. Anderson of the Northern District of California and Special Agent in Charge Kelly R. Jackson of the IRS Criminal Investigation.

“Silk Road was the most notorious online criminal marketplace of its day,” said U.S. Attorney Anderson. “The successful prosecution of Silk Road’s founder in 2015 left open a billion-dollar question. Where did the money go? Today’s forfeiture complaint answers this open question at least in part. $1 billion of these criminal proceeds are now in the United States’ possession.”


9 views0 comments