The $5 billion estimation is based on three major seizures linked to the Bitfinex hack and Silk Road, meaning the actual holdings could be much larger.
Category: Silk Road
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Silk Road founder marks 10 years into his double life sentence in prison
Ross Ulbricht the founder of the first “modern darknet market” has reached the 10-year mark of his double life sentence in prison after having his laptop seized by the FBI in 2013.
US government moves nearly 10K Bitcoin worth over $300M related to Silk Road seizure
The government previously promised to liquidate approximately 40,000 remaining BTC from the seizure in “four more batches” over the remainder of the calendar year.
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Bitcoin fees plummet 95% as BTC price recovers from US gov’t scare
Bitcoin was not subject to U.S. government selling this week, analysis shows, but BTC price action remains pressured.
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Bitcoin Whale Transfers $13 Million Worth of Dormant Coins Dating Back to 2012 and 2013
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Silk Road Hacker Sentenced to a Year in Prison for Wire Fraud
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Individual behind $3.4B Silk Road Bitcoin theft sentenced to one year in prison
James Zhong pleaded guilty to the wire fraud charges in November 2022 and had been awaiting sentencing for his role in the “unlawfully obtained” Bitcoin scheme.
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US Government Plans to Sell Over 41,000 Bitcoins Confiscated from Silk Road Hacker
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US government plans to sell 41K Bitcoin connected to Silk Road
On March 14, 2023, the government sold 9,861 BTC for $215.7 million, according to court documents filed on March 31.
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US Government Remains a Top Bitcoin Holder With Seized Stash Valued at $5.6 Billion
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