2024

Bitcoin

Dark

Silk Road

<p>The U.S. government is preparing to carry out a sensational sale: 130 million dollars worth of bitcoins from the infamous Silk Road scandal. A virtual black market specialized in money laundering and drug trafficking. A boon for bidders but a persistent shadow over the integrity of the crypto sector. Can criminals truly launder their deeds through government auctions? Authorities seem convinced that crime does pay, at least in bitcoin!</p>
<h2 id="h-crypto-auction-crime-pays-in-bitcoin">Crypto Auction – Crime Pays in Bitcoin!</h2>
<p>The United States is playing the role of Dark Web cleaner: they have confirmed the seizure of 69,000 BTC in mid-December 2023. Thus, the U.S. authorities demonstrate that <strong>Bitcoin is not immune to the law</strong>, even in the digital shadows. A bitter loss for illicit online operations, striking a blow to those who believed that cryptocurrency was the ultimate haven of <strong>financial impunity</strong>. An <strong>unmistakable warning</strong> from the state richest in bitcoins.</p>
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     <p lang="en" dir="ltr">JUST IN: <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1fa-1f1f8.png" alt="🇺🇸" class="wp-smiley" style="height: 1em; max-height: 1em;"> U.S. files notice to sell $130 million worth of <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> seized from Silk Road agent <a href="https://t.co/Pm2ilMi4hd" rel="noopener noreferrer nofollow">pic.twitter.com/Pm2ilMi4hd</a></p>— Bitcoin Magazine (@BitcoinMagazine) <a href="https://twitter.com/BitcoinMagazine/status/1750601195536675128?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 25, 2024</a>
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  The USA is getting ready to sell a large quantity of bitcoins
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<p>“<em>The United States posts a notice of the sale of 130 million dollars in Bitcoin seized from a Silk Road agent.</em>“</p>
<p>Following the <strong>seizure of 69,000 BTC linked to the Silk Road case</strong>, the U.S. government announces the <strong>imminent sale</strong> of these assets for the modest sum of 130 million dollars. A tasty reminder of the shady activities that once polluted the crypto world. Silk Road, a notorious black market, was dismantled in 2013, but the confiscated bitcoins continue to haunt auctions, raising the question: <strong>does crime pay in bitcoin?</strong></p>
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<p>In any case, the Silk Road market of the Dark Web remains a dark stain in the history of crypto. Used for the illegal trade of drugs and money laundering through bitcoins, it remains one of the sector’s biggest scandals.</p>
<h2 id="h-crypto-and-sanctions-the-usa-wants-to-lock-it-down">Crypto and Sanctions: The USA Wants to Lock It Down</h2>
<p>The impending BTC sale raises questions about the legitimacy of digital assets. Can one really clean a criminal past through a government auction? While bidders prepare to seize <strong>a unique opportunity</strong>, the moral dilemma persists. The sale of Silk Road bitcoins offers a stage where the virtual meets the real, and where crime may attempt to buy a second chance.</p> 
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<p>Moreover, <strong>Senator Elizabeth Warren</strong>, <a href="https://www.cointribune.com/elizabeth-warren-soutient-les-cbdc-contre-les-cryptos/" target="_blank" rel="noopener noreferrer nofollow">an avowed pro-CBDC</a>, is leading an offensive against cryptos, accused of allowing rogue nations to dodge sanctions and compromise national security. A <a href="https://www.gao.gov/blog/effectiveness-economic-sanctions-risk-digital-asset-growth?utm_source=twitter&amp;utm_medium=social&amp;utm_campaign=blogsm" target="_blank" rel="noopener noreferrer nofollow">report by the Government Accountability Office (GAO)</a> confirms these allegations. Warren is calling for cryptos to be subjected to the same anti-money laundering rules as the rest.</p>
<p>Pressure is mounting on regulation, with the government, particularly <a href="https://www.cointribune.com/en/elizabeth-warren-conspires-with-the-sec-to-restrict-crypto-in-the-usa/" target="_blank" rel="noopener noreferrer nofollow">with the SEC</a>, seeking to contain the use of digital assets for dubious political maneuvers.</p>

Uncle Sam is preparing a mega-sale of Silk Road’s crypto treasure

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