U.S. Government Sells Silk Road Confiscated Bitcoin

cryptoupdate

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The United States government has announced the successful sale of nearly 10,000 bitcoins that were confiscated from the Silk Road case in 2013.​

The move was aimed at liquidating the seized assets and preventing them from being used for illegal activities. The sale was conducted through open market sales and generated significant revenue for the government.

The government has also revealed that there are still over 41,000 bitcoins left to be sold in four more batches this year, which has piqued the interest of investors and cryptocurrency enthusiasts. This development marks a shift in the government's approach to selling confiscated assets, as they previously opted for auctions...read more
 
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