Secret

Bitcoin

Silk Road

Million

<a href="https://bitcoinworld.co.in/us-government-to-sell-over-131-million-in-bitcoin-seized-from-silk-road/" title="US Government To Sell Over $131 Million In Bitcoin Seized From Silk Road" rel="noopener noreferrer nofollow"></a>
<ul>
 <li style="font-weight: 400">The US government through the US District Court of Maryland has issued a notice to sell over $131m in Bitcoin seized from Silk Road.</li>
</ul>
The US District Court of Maryland has issued a notice regarding the disposition of a substantial amount of Bitcoin from the former marketplace Silk Road, totaling over $131 million.&nbsp;
This action follows the court’s <a href="https://search.forfeiture.gov/ViewNotice.aspx?n=2C56BF8BBA669130A23A2D26536E4696B3BF53CA&amp;a=" rel="noopener noreferrer nofollow">order</a> in the case of U.S. v. Joseph Farace, where Bitcoin was seized from Ryan Farace and Shaun Bridges in 2021.&nbsp;
Ryan France was sentenced to 54 months in prison earlier this year for laundering drug profits over the dark web, along with his father.
Bridges was a U.S. Secret Service Special Agent, convicted back in 2015 for laundering drug money using Bitcoin over the notorious darknet market, Silk Road.&nbsp;
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The confiscated digital assets include 2,874 Bitcoins valued at approximately $129 million and 58 worth around $3 million. Both batches were seized back in 2021 in Memphis and Arlington.&nbsp;
The U.S. District Court has expressed its intention to sell the forfeited assets as directed by the Attorney General.&nbsp;
Excluding the defendants in the case, individuals who claim an interest in the forfeited assets have been given a 60-day window from Jan. 10 to file an ancillary petition, a legal document required to be filed to claim an interest in a seized property.&nbsp;
After reviewing any claims or when the claim period ends, the U.S. will officially own the seized Bitcoin and can sell it legally.
The post <a href="https://bitcoinworld.co.in/us-government-to-sell-over-131-million-in-bitcoin-seized-from-silk-road/" rel="noopener noreferrer nofollow">US Government To Sell Over $131 Million In Bitcoin Seized From Silk Road</a> appeared first on <a href="https://bitcoinworld.co.in" rel="noopener noreferrer nofollow">BitcoinWorld</a>.

US Government To Sell Over $131 Million In Bitcoin Seized From Silk Road

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