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The US government plans to sell 41,000 Bitcoin linked to Silk Road

Published on

March 31, 2023
Read Time:43 Second

The US authorities plans to liquidate greater than 41,000 Bitcoin seized as a part of the trial of Silk Street creator Ross Ulbricht.

A March 31 submitting within the U.S. District Courtroom for the Southern District of New York relating to the case in opposition to James Zhong stated U.S. authorities companies have begun liquidating roughly 51,352 Bitcoin (BTC) held within the Case Ulbricht had been confiscated. In line with the submitting, on March 14, officers bought about 9,861 BTC for greater than $215 million, leaving about 41,491 BTC.

“The federal authorities understands [the Bitcoin] is predicted to be liquidated in 4 extra batches over the course of this calendar 12 months," the court docket filings stated.

That is an evolving story and extra info will probably be added because it turns into out there.

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Azeez Mustafa
Azeez began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager – as well as an author.
Last Updated : March 31, 2023
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